CDM for ESMA ESEF Compliance
Easily produce XHTML and XBRL-tagged reports in the European Single Electronic Format to comply with the European Securities and Markets Authority.
From 1st January 2020, companies listed on a regulated exchange in the European Economic Area (EEA) must adopt a new framework for formatting and filing annual financial reports (AFRs) relating to financial years that start on or after that date. The European Single Electronic Format (ESEF) requires annual reports to be produced in a web-native XHTML format, rather than a downloadable document like a PDF. Companies that file annual reports using International Financial Reporting Standards (IFRS) are also required to tag consolidated financial statements with eXtensible Business Reporting Language (XBRL); a machine-readable format that makes financial statements easy to compare with those of other companies.