• ESMA’s 19th Extract from the EECS’s Database of Enforcement
Report:

ESMA’s 19th Extract from the EECS’s Database of Enforcement

12 September 2016

The European Securities and Markets Authority (ESMA) has, as a source of information to assist in the appropriate application of International Financial Reporting Standards (IFRSs), developed a confidential database of enforcement decisions taken by EU National Enforcers participating in European Enforcers Co- ordination Sessions (EECS). This forum involves 38 European enforcers from the 28 member states and the two countries in the European Economic Area (EEA) who have responsibilities in the area of supervision and enforcement of financial information. The EECS is a forum in which European enforcers of financial information meet to exchange views and discuss practical experiences of enforcement of IFRS financial information provided by companies which have, or are in the process of having, securities admitted to trading on a regulated market in Europe.

On 27 July 2016, ESMA published its nineteenth extract from the database. The full report can be found on the ESMA website at the following address:

decisions-financial-statements

Set out below is a summary of the conclusions reached, which are in the same order as they have been presented in the report.

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