Who is obliged to ESEF?
The European Security and Market Authority ESMA sets the rules for the new European Single Electronic Format.
As of 2021, all issuers whose securities are traded on a regulated market within the EU are required to file their IFRS consolidated financial statement for the fiscal year as of January 1, 2021.
As ESEF is based on iXBRL no other format will be accepted by the authorities.
The ESEF service from EQS Group
The ESEF service from EQS Group eases the process of filing your financial statements:
- You send us your annual report in Word or PDF
- We will convert your document into the ESEF format and file the converted document
No further adjustments are required.
iXBRL – the European Single Electronic Format
ESEF is based on the so called inline eXtensible Business Reporting Language (iXBRL). The data standard displays the content of your financial report on web browsers and, at the same time, it is the best solution to identify, analyze and to use the tagged data. At the end iXBRL should ease the work of investors, analysts and auditors with an appropriate analysis software.