ESMA publishes an update to the ESEF XBRL taxonomy 2022 files and the ESEF Conformance Suite 2023
The European Securities and Markets Authority (ESMA) published an update to the European Single Electronic Format (ESEF) XBRL taxonomy 2022 files and the ESEF Conformance Suite 2023 in December 2023 to facilitate the implementation of the ESEF Regulation.
ESMA had already decided in May 2023 to postpone to 2024 the annual amendment of the ESEF Regulatory Technical Standards (RTS) reflecting the 2023 International Financial Reporting Standards (IFRS) Taxonomy. As such, the update of the ESEF XBRL taxonomy 2022 files and the ESEF Conformance Suite 2023 is limited to:
- minor corrections aimed at improving usability, and
- updated Conformance Suite test fields facilitating the implementation of the updated version of the ESEF Reporting Manual into software products used by preparers to produce their ESEF report package.
The updated ESEF XBRL taxonomy 2022 files and the ESEF Conformance Suite 2023 can be downloaded from ESMA's website.
Background to the Conformance Suite
The ESEF Conformance Suite is aimed primarily at a technical audience (i.e. XBRL software developers), as a way to test and provide assurance on whether software tools are able to create and / or consume filings which are in line with all ESEF requirements. In particular, the Conformance Suite permits to determine if a software is able to detect and flag infringements to the ESEF requirements contained in a filing.