ESEF, inline XBRL, roadmap 2020
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About the event
On 10 October 2018 XBRL Belgium, the Financial Services and Markets Authority (FSMA) and the National Bank of Belgium (NBB) organised an information session about the European Single Electronic Format.
The European Single Electronic Format (ESEF) is the electronic reporting format in which issuers listed on EU regulated markets shall prepare their annual financial reports from 1 January 2020 (*). IFRS consolidated financial statements contained in those reports shall be labelled with XBRL ‘tags’ which make the labelled disclosures structured and machine-readable.
During this event regulators, listed companies with (i)XBRL experience and experienced stakeholders shared their insights on the ESEF roadmap towards 2020 to help you prepare for structured electronic reporting.
The target audience consisted of all those involved in the preparation, audit and filing with the FSMA for publication through STORI (the Belgian official mechanism for storage of regulated information) of annual financial reports of listed companies as well as those who will make use of the structured electronic reporting in the ESEF inline XBRL format.
The event has taken place at the NBB premises Brussels. Presentations were given in the language of the speaker (Dutch, French or English). A sandwich lunch at noon closed the conference on a non-formal note.
Presentations are available via this link.
Agenda
| 8h15 | Doors open for registration and welcome coffee |
| 8h45 | Opening by Annemie Rombouts, Vice President of FSMA |
| 9h00 | ESMA’s draft Regulatory Technical Standard on ESEF by Anna Sciortino, ESMA |
| 9h40 | ESEF: Challenges and opportunities by Johan Lembreght, FSMA |
| 10h00 | coffee break |
| 10h30 | Impact of the European Single Electronic Format on the IFRS annual report by Caroline Vancoillie, UCB |
| 11h00 | Testimonial about XBRL filings in the US by Gilles Saint-Remi, AB InBev |
| 11h30 | iXBRL really made simple, open source project RECEiX by Ignacio Boixo, OpenFiling |
| 12h00 | Structured electronic financial reporting: the perspective of the financial analyst, by Hans Buysse, BAFA |
| 12h30 | Wrap-up, followed by a sandwich lunch offered by XBRL BE |
About the speakers
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Annemie Rombouts, Vice President of FSMA |
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Anna Sciortino is Policy Officer at the European Securities and Markets Authority (ESMA) in the field of Corporate Finance and Reporting. |
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Johan Lembreght, Coordinator Accountancy and Finance, Supervision of listed companies, FSMA |
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Caroline Vancoillie, Chief Accounting Officer & CFO Patient Value Functions, UCB |
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Gilles Saint-Remi, Manager Consolidated Reporting & Financial Compliance, AB InBev |
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Ignacio Boixo, OpenFiling, Banco de España, XBRL Spain Board Member |
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Hans Buysse, Vice-Chairman of the Belgian Association of Financial Analysts |
(*) Further information can be found on:
• Concerning the ESEF project: https://www.esma.europa.eu/policy-activities/corporate-disclosure/european-single-electronic-format
• Concerning the draft regulatory standards on ESEF: https://www.esma.europa.eu/sites/default/files/library/esma32-60-204_final_report_on_rts_on_esef.pdf
