ESMA publishes 2019 report on enforcement of corporate disclosure

02 April 2020

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Provider: 
ESMAESMA
URL: 
https://www.esma.europa.eu/press-news/esma-news/esma-publishes-2019-report-enforcement-corporate-disclosurehttps://www.esma.europa.eu/press-news/esma-news/esma-publishes-2019-report-enforcement-corporate-disclosure
Retrieved on: 
Thursday, April 2, 2020
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Tags: 
Financial regulation, Given names, Financial markets, Agencies of the European Union, European Union, Government agencies, International Financial Reporting Standards, European Securities and Markets Authority, Esma
Summary
Key Points: 
  • 02 April 2020

    Corporate Disclosure

    The European Securities and Markets Authority (ESMA), the EU securities markets regulator, today publishes its Annual Report on enforcement and regulatory activities related to corporate reporting within the European Economic Area (EEA).The Report presents the 2019 activities of ESMA and of European accounting enforcers when examining compliance of financial and non-financial statements provided by European issuers.

  • This led to enforcement actions against 299 issuers in order to address material departures from IFRS, representing an action rate of 33%.
  • In 2019, ESMA and European enforcers focused on the new accounting standards to ensure a convergent application and this effort will continue in 2020.
  • Together with national enforcers, ESMA will continue its focus on this area to ensure that investors are provided with high-quality ESG information.
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