European Transparency Directive requires that issuers listed on regulated markets in the EU must prepare their annual financial reports in a European Single Electronic Format (ESEF)from 1January 2020.The European Securities and Markets Authority (ESMA)has ncluded that Inline XBRL is the most suitable technology for issuers to report their annual financial reports in a single electronic format because it enables both machine and human readability in one document.

ESMA will now nduct field tests that will nsist of transforming annual financial reports by issuers to Inline XBRL.ESMA is seeking participation from issuers on European regulated markets from all industries preparing IFRS nsolidated financial statements.Participating issuers will receive free support to transform their annual financial report to Inline XBRL and thus be able to learn how the Inline XBRL format can be applied.

Plesae click for more information in the press release on the ESMA web

中文新闻：ESMA寻求ESEF应用测试参与机构