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12 th XBRL Europe day & 18 th Eurofiling Workshop – Luxembourg 11 December 2013 EU Adoption Committee update Dave Van d en Ende – Chair Committee. Transparency directive. Listed companies required to report in European Single Electronic Format from 2020 ESMA to propose ESEF standard
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12th XBRL Europe day & 18thEurofiling Workshop – Luxembourg 11 December 2013 EU Adoption Committee update Dave Van den Ende –Chair Committee
Transparency directive • Listed companies required to report in European Single Electronic Format from 2020 • ESMA to propose ESEF standard • market consultation in 2014 • Meetings planned with ESMA • ESMA Taskforce setup led by Marc Labat • Publish whitepaper (from XEU IFRS WG)
Transparency directive • taskforce in xXEUHansBuijse, camille, chairs WG to review document • Involve big 4 contact group to review • List of stakeholders
XBRL as EU standard • Connect to EU Multi Stakelholder Platform • Members multi stakeholder platform must REQUEST for the standard • Provide input to XBRL workplan • Identify key stakeholders in countries • Briefing paper to layout what needs to done by MS • Taskforce appointed to address this chaired by BjörnRydberg from XBRL Sweden and Ignacio Boixo from XBRL Spain
XBRL as EU standard • Bjorn to organiz call with ignacio, marc v hilvoorde, freek, Germany, willem geijtenbeek, Paul Kjor, Marc Hemmerling • EUPL (public license) - EIOPA considers this to license DPM