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Image header Agence Europe
Europe Daily Bulletin No. 13180
Contents Publication in full By article 32 / 34
NEWS BRIEFS / Finance

ESMA postpones update of digital financial reporting standards to 2024

11/05/23 (Agence Europe) – The European Securities and Markets Authority (ESMA) decided on Wednesday 10 May to postpone the modification of the regulatory technical standards for the European Single Electronic Format (ESEF) until 2024. The reasons for this decision are: - limited changes to the IFRS 2023 taxonomy; - the added value of increased monitoring of the implementation of the ESEF; - the impact of a system upgrade on accountants and software providers. In addition, ESMA will carry out preparatory work to start developing related reporting requirements based on the European Sustainability Reporting Standards (ESRS) taxonomy, which is being developed by the European Financial Reporting Advisory Group (EFRAG). (AD)

Contents

SECTORAL POLICIES
DIGITAL: MEPs ready to negotiate on artificial intelligence framework with EU Council
COMPETITIVENESS: Swedish Presidency of EU Council to address extraction of critical raw materials in EU
CLIMATE/ENERGY: at 2023 World Hydrogen Summit, Frans Timmermans welcomes EU’s progress but calls for stronger multilateral partnerships
ENERGY: negotiating team wants European Parliament to approve agreement on revised ‘Renewable Energy’ Directive in July
BIODIVERSITY: pesticides and bees, EFSA publishes revised guidance document for risk assessment using tiered approach
AGRICULTURE: 20 EU organisations support expected proposal on new genomic techniques
ENVIRONMENT: PAN Europe lodges two requests to review European Commission decisions regarding toxic pesticides
EUROPEAN PARLIAMENT PLENARY
DIGITAL: European Parliament does not support adequacy decision authorising transfer of personal data between EU and US
SOCIAL: two years after Porto Summit, MEPs reiterate need to achieve social objectives set by EU27
SOCIAL/ECONOMY: Nicolas Schmit calls for wage adjustments to support households in face of inflation and rising interest rates
FUNDAMENTAL RIGHTS: European Parliament calls on EU to better combat cyber-bullying
FISHERIES: citizens’ initiative ‘Stop Finning – Stop the Trade’ gains momentum in European Parliament
SEA: sustainable fisheries package, MEPs call for better consideration of effects of restrictions on fishers
SEA: European Parliament supports development of EU markets for food and non-food applications of algae
ANIMAL HEALTH: MEPs call for legislation to ban killing of chicks in EU
GMOs: European Parliament opposes renewal of EU authorisation for glufosinate-tolerant genetically modified cotton
CONSUMERS: European Parliament wants to help consumers support green transition through informed purchasing choices
MYANMAR: European Parliament denounces dissolution of 40 Myanmar political parties
BELARUS: MEPs call for end to Viktar Babaryka’s mistreatment
ALGERIA: European Parliament calls for release of Ihsane El-Kadi
EXTERNAL ACTION
FOREIGN AFFAIRS: Russian invasion of Ukraine and relations with China on Gymnich agenda
INDO-PACIFIC: Swedish Presidency of EU Council reiterates importance of cooperation with region
LATIN AMERICA: Member States fine-tune their position for EU/CELAC Summit
ECONOMY - FINANCE - BUSINESS
TAXATION: EU Council close to agreement on the eigth revision of Administrative Cooperation Directive
ECONOMY: ten Member States have requested additional loans under European Recovery Plan
STATE AID: European Commission authorises Spanish aid measure of €837 million to produce batteries for electric vehicle sector
COURT OF JUSTICE OF THE EU
CONSUMERS: death of co-pilot does not exempt an airline from its obligation to compensate passengers, says EU Court of Justice
RULE OF LAW: Court of Justice interprets Romanian disciplinary regime applicable to judges in light of EU law
EDUCATION - YOUTH - CULTURE - SPORT
EYCS: governance in sport, Media Freedom Act and European Education Area before EU ministers
NEWS BRIEFS
HUMANITARIAN AID: EU mobilises €8 million in aid for vulnerable people in South-East Asia
BUDGET: European Commission welcomes discharge granted by European Parliament for 2021 fiscal year
FINANCE: ESMA postpones update of digital financial reporting standards to 2024
GEORGIA: EU encourages Tbilisi to implement EU sanctions, including in aviation sector
MIDDLE EAST: EU calls for immediate ceasefire