The European Commission has now adopted the RTS for the European Single Electronic Format (ESEF) for filing company accounts in Europe. Under the new mandate, which is expected to be signed off by the European Parliament in early 2019, companies with securities listed on EU regulated markets will have to produce annual financial reports in iXBRL format, making available digitally-tagged data for use by investors.
CoreFiling is pleased to launch full support for ESEF on our True North Data Platform. Our Seahorse® and Beacon® applications are available to firms and partners now for preparation and review of ESEF filings.
Seahorse® and Beacon® are browser based applications, delivered as SaaS, so clients can get started immediately. Our True North Data Platform also provides a range of APIs, so we can work with you to integrate our capabilities into your own solutions should that be more desirable longer term.
We expect some finer details to be clarified throughout 2019 as national regulators, tagging service providers and filers grapple with the new mandate, and we are ready to help our clients keep up with that evolving landscape.