European Commission 17 December 2018, Commission Delegated Regulation (EU) 2018/815 of 17 December 2018 supplementing Directive 2004/109/EC of the European Parliament and of the Council with regard to regulatory technical standards on the specification of a single electronic reporting format (Text with EEA relevance)

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Commission Delegated Regulation (EU) 2018/815 establishes regulatory technical standards for a single electronic reporting format (ESEF) to enhance the transparency and comparability of annual financial reports issued by entities on EU regulated markets. The regulation mandates the use of eXtensible Hypertext Markup Language (XHTML) for entire reports and requires eXtensible Business Reporting Language (XBRL) tagging for IFRS consolidated financial statements using a core taxonomy based on the IFRS Taxonomy. These requirements apply to annual financial reports for financial years beginning on or after 1 January 2020, with specific block tagging for notes becoming mandatory for years beginning on or after 1 January 2022.AI