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