ESEF Reporting Requirements
As reported in an earlier
Capital Markets Update on 6 January 2021, the Listing
Authority updated the Listing Rules, specifically the Definitions
Section, as well as Chapters 5 and 8, to reflect issuers'
(whose securities are listed on the Official List of the Malta
Stock Exchange) obligations to start reporting their annual
financial reports (AFRs) in single electronic reporting
format (ESEF) as per the Circular issued by the Malta Financial
Services Authority on 24 December 2020, in order to facilitate the
accessibility, analysis and comparability of data relating to
AFRs.
Whilst the initial intention was to have AFRs for financial
years beginning on or after 1 January 2020 prepared in the ESEF,
given the economic disruption brought about by the COVID-19
pandemic, the European Parliament and the Council agreed to allow
Member States (including Malta) to delay the application of the
ESEF requirements by one year.
