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ESMA Statement on COVID-19

12/03/2020

The European Securities and Markets Authority (ESMA) has issued a Public Statement addressing actions that market participants have to take in relation to the COVID-19 outbreak in order to preserve investor protection, the integrity of markets and financial stability.

That Public Statement includes recommended actions in relation to financial reporting, as follows:

“Financial Reporting – issuers should provide transparency on the actual and potential impacts of COVID-19, to the extent possible based on both a qualitative and quantitative assessment on their business activities, financial situation and economic performance in their 2019 year-end financial report if these have not yet been finalised or otherwise in their interim financial reporting disclosures”.

 ESMA’s Public Statement is available here

 

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