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Image header Agence Europe
Europe Daily Bulletin No. 13648
Contents Publication in full By article 25 / 25
NEWS BRIEFS / Accounting standards

EFRAG invites comments on its draft endorsement advice concerning IFRS 19

26/05/25 (Agence Europe) – The European Financial Reporting Advisory Group (EFRAG) invited comments on Wednesday 21 May regarding its draft endorsement advice on the use of IFRS 19 in the European Union. IFRS 19, published by the International Accounting Standards Board (IASB) in May 2024, aims to simplify financial reporting for eligible subsidiaries by allowing them to prepare financial statements in accordance with IFRS, with reduced disclosure requirements under specific conditions. This approach reduces the information burden on companies while maintaining the usefulness of information to users of their financial statements. EFRAG’s overall preliminary assessment is that this standard meets the endorsement criteria for use in the EU and it therefore recommends the standard’s endorsement. Comments are expected by Wednesday 3 September. Read the letter on the draft endorsement advice: https://aeur.eu/f/h1m (AD)

Contents

SECTORAL POLICIES
AGRICULTURE: single fund model is not appropriate for CAP, according to European Ministers
AGRICULTURE: European agriculture ministers insist on regaining control of simplification package
AGRICULTURE: around ten EU countries call for further simplification of regulation aimed at combating imported deforestation
FISHERIES: European Commission proposes a derogation from ban on eel fishing
ENVIRONMENT: European Commission prepares its ‘roadmap’ for creation of a European ‘nature credits’ market
ENVIRONMENT: EU Council and European Parliament reach compromises before getting to heart of matter on hazardous substances to be monitored in water
CONSUMERS: Shein singled out by European Commission and CPC Network for illegal sales methods including false promotions and greenwashing
CLIMATE: environment committee MEPs call for EU climate commitments for 2035 to be presented “well before COP30”
CIVIL PROTECTION: EU prepares for increased risk of forest fires this summer
TRANSPORT: BEUC, Climate Group and T&E call for EU to set target of 100% zero emissions for corporate fleets by 2030
ECONOMY - FINANCE - BUSINESS
COMPANIES: ‘omnibus’ - EU Member States called upon to adopt clearer position on CSDDD and CSRD directives
EXTERNAL ACTION
DEVELOPMENT: EU countries prepare to “redefine financing for development”
DEVELOPMENT: reduction in number of staff in certain EU diplomatic delegations is under consideration
UNITED STATES: trade negotiations between EU and Washington set to continue until 9 July
MERCOSUR: EU/Mercosur trade agreement should soon be on table of European co-legislators
SOCIAL AFFAIRS - EMPLOYMENT
EMPLOYMENT: mobility of workers - added value of European Labour Authority is real, but limited by its mandate, according to Commission
EMPLOYMENT: quality traineeships; Polish Presidency of EU Council relaunches work on draft Council recommendation
INSTITUTIONAL
GENERAL AFFAIRS: respect for Rule of law in Hungary, democratic resilience and multilingualism on agenda of EU countries
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
FUNDAMENTAL RIGHTS: a new report highlights €1.1 billion in European funds used to finance practices that violate fundamental rights
COUNCIL OF EUROPE
MIGRATION: responding to nine Member States, Secretary General of Council of Europe opposes any politicising of European Court of Human Rights
NEWS BRIEFS
HOME AFFAIRS: Polish Presidency of EU Council will leave it to Denmark to find new ways of removing child sexual abuse material from Internet
AFRICA: football - EU will be an official partner of Africa Cup of Nations
BUDGET: European Commission’s proposal for post-2027 multiannual financial framework is scheduled for 16 July
TAXATION: European Commission launches call for proposals for EU action grants under ‘Fiscalis’ programme
ACCOUNTING STANDARDS: EFRAG invites comments on its draft endorsement advice concerning IFRS 19