European enforcers target COVID-19 and climate-related disclosures

European enforcers target COVID-19 and climate-related disclosures

Friday 29 October 2021 10:48

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has issued its annual Public Statement on European Common Enforcement Priorities (Statement). This year’s priorities cover the impact of COVID-19 and climate-related matters, provide guidance on the measurement of expected credit losses and highlight disclosure obligations pursuant to Article 8 of the Taxonomy Regulation.

The areas covered will be considered by national enforcers when monitoring and assessing the 2021 annual financial reports of listed companies. The Statement contains priorities linked to financial statements prepared in accordance with International Financial Reporting Standards (IFRS),...

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