On 17 April 2020, the European Securities Markets Authority (ESMA) published a Q&A on the implementation of the ESMA Guidelines on Alternative Performance Measures in the context of COVID-19.
The Q&A:
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highlights the main principles of the ESMA Guidelines on Alternative Performance Measures;
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encourages issuers to use caution when adjusting APMs and when including new APMs to address the impact of COVID-19; and
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recommends issuers provide narrative information regarding the modifications made, the assumptions used and the impact of COVID-19 in APMs used.
The Q&A document may be accessed here