Bucharest, March 23, 2021 - The Board of the Financial Supervisory Authority decided, in the meeting of March 17, 2021, the approval of the Regulation on the obligation to draw up by issuers whose securities are admitted to trading on a regulated market of annual financial statements in the format of single electronic reporting, following the end of the public consultation period and taking into account the publication in the Official Journal of the EU no. L 68 of 26.02.2021 of Regulation (EU) 2021/337 of the European Parliament and of the Council of 16 February 2021 amending Regulation (EU) 2017/1129 as regards the EU prospectus for recovery and specific adjustments for financial intermediaries and Directive 2004/109 / EC on the use of the single electronic reporting format for annual financial statements, in order to support the recovery from the crisis caused by COVID-19.
No proposals and comments were received during the public consultation.
Thus was issued the A.S.F. no. 7/2021 on the obligation to prepare by issuers whose securities are admitted to trading on a regulated market of annual financial statements in the single electronic reporting format.
ASF Regulation no. 7/2021 was published on the A.S.F. website, being available here.
According to the provisions of art. 3 of the regulation, it is published in the Official Gazette of Romania, Part I, and enters into force on the date of publication.
The A.S.F. no. 7/2021 provides, inter alia, that:
issuers whose securities are admitted to trading on a regulated market have the obligation to prepare and publish the annual financial reports in the unique electronic reporting format provided in art. 153 of Law no. 24/2017 on issuers of financial instruments and market operations, with subsequent amendments and completions, starting with the reports for the financial years starting on or after January 1, 2021;
the issuers may prepare and publish the annual financial reports in the unique electronic reporting format provided in art. 153 of Law no. 24/2017, with subsequent amendments and completions, for the financial year 2020.
We recall that on 17 February 2021, the Board of the Financial Supervisory Authority decided to exercise the option to postpone the application of the ESEF.
In this sense, a draft regulation on the obligation to draw up by issuers, whose securities are admitted to trading on a regulated market, was published on the ASF website, in the public consultation procedure, for a period of 10 days. , of the annual financial reports in the unique electronic reporting format accompanied by the approval report.
The European Commission was also notified of the intention to postpone the application of the ESEF, with the appropriate reasons given, the issuers and the most important / representative financial auditors were duly informed, a press release was issued and they were updated. information published on the ASF website at the dedicated ESEF section.
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About the Financial Supervisory Authority
The Financial Supervisory Authority is the national authority, established in 2013 by GEO 93/2012 approved by Law 113/2013, for the regulation and supervision of the insurance markets, private pensions, as well as the capital market. A.S.F. contributes to strengthening the integrated framework for the operation of the three sectors, with a total of over 10 million participants. More information can be found on www.asfromania.ro.
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