CEN/WS XBRL Comité Européen de Normalisation, WorkShop on XBRL

1. CEN/WS XBRLComité Européen de Normalisation, WorkShop on XBRL Eurofiling Confcall 5 October, 2012

2. Contents CEN publications CEN Workshop XBRL Deliverables Strategy Mode of operation Timeline Next event

3. The CEN publications • European Standard (EN) – the same everywhere • Technical Specification (TS) – try it out and/or compete • Technical Report (TR) – give information • CEN-CENELEC Workshop Agreement (CWA) – agreement between parties • Identified request for developing specification • Simple agreement between the involved parties (may involve public enquiry using web) • Very fast (can be virtually immediately) • “Take it or leave it” • Deliverable bears CEN logo but no implementation requirement • A few are used in European (ICT) regulatory context

4. CEN Workshop XBRL Improving transparency in financial and business reporting • CWA’s that promulgate XBRL deliverables on a standardised basis in Europe. • CWA1: Standard specifications for XBRL attributes (“harmonization topics”) • CWA2: “Metadata container” to wrap a submitted XBRL instance document • CWA3: “roll-out package” that wraps the specifications and taxonomies Fundraised by the EC, promoted by XBRL EU, managed by CEN • Secretariat: Maarten Peelen (NederlandsNormalisatie-instituut, NEN) • Eight experts hired by the NEN for 50 working/days each over 2 years Elected Chair/Convenors(from EBA/EIOPA, Eurofiling workshop May 30th ) • CWA1: Katrin Heinze, CWA2: Emile Bartolé, CWA3: Aitor Azcoaga • Chair: Ignacio Boixo (as proposed by Andreas Weller).

5. Deliverables of CWA1 (Katrin Heinze) Official CEN Deliverables • Specification document European XBRL Architecture • Specification document European Filing Rule set • Non-normative document European Data Point Methodology Complementary deliverables (depending on time constraints) • Definition of Best Practices on • Tagging of cells • Versioning of European taxonomies • Dealing with European taxonomy extensions • Conformance Suite on taxonomy syntax rules

6. Deliverables of CWA2 (Emile Bartolé) Official CEN Deliverables • Specification documents metadata taxonomy • Specification documents submissioncontainer • Specification documents feedback container? • Taxonomies / xml schema used for the preceding Auxiliary deliverables • Test facilities (standards adherence) demo/compliance tools

7. Deliverables of CWA3 (Aitor Azcoaga) • XBRL Supervisory roll-out guide • Oriented towards national regulators on how to implement, extend and manage XBRL taxonomies • XBRL reporting entities handbook • Roll-out guide or reference handbook would help XBRL prepares(reporting entities) in getting to know XBRL

8. Strategy Reuse EBA/EIOPA deliverables and Eurofiling materials • The wheel has been invented time ago • Formalize best practices and lesson learnt since 2005 • Close the gap with existing publications in other regions Full transparency www.eurofiling.info/cen & www.xbrlwiki.info • Public involvement of volunteers and stakeholders Multilevel European situation • European Authorities (ITS) and National Supervisors (implementers) • Joint approach (JEGR, Eurofiling, XBRL EU) • Need of roll out guidance for local XBRL implementations

9. Mode of operations Project Team prepares first draft Discussion, changes, decision Project Team produces a second draft 3 months public consultation Project Team produces final draft Approval of CWA by CEN/WS XBRL members Steps 1-3 can be repeated until final draft for public consultation

10. Timeline 3 1 2 Oct 2012 Spring 2013 Sep 2013 Dec 2013 Deadlines 2012-12 – 12th Public session. Interim report to EC incl. draft CWAs 2013-07 - 3 monthsPublic consultation 2014-02 - Final report to EC incl. approvedCWAs 1 2 Project Team input 3 Jan.-Aug. 2012: project starting, chair/convenors election, hiring experts