On 17 December 2018, the European Commission published a final draft text of its delegated regulation with regard to regulatory technical standards on the specification of a single reporting format. From 1 January 2020, the Transparency Directive requires all annual financial reports to be prepared in the eXtensible HyperText Markup Language, or XHTML, format (for the human-readable representation of financial reports) and eXtensible Business Reporting Language, or XBRL, format for machine-readable reports.
The regulation will enter into force on the twentieth day of its publication in the Official Journal and can be accessed here.
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