Webinar: Obligatory Reporting for LSME - An Overview
Thu, 17 Oct
|Webinar
European Financial Reporting Advisory Group (EFRAG) is developing a simplified standard for listed SMEs (LSMEs). In the October webinar, we will look at different ESRS LSME reporting draft elements. Join us to hear more.
Time & Location
17 Oct 2024, 13:00 – 14:00 EEST
Webinar
Guests
About the event
EFRAG's (European Financial Reporting Advisory Group) first draft on reporting standards for small and medium enterprises (SMEs) aims to develop a simplified standard for listed SMEs (LSMEs), small banks, and captive insurers with the standard abbreviated as ESRS LSME according to the provisions decided in the CSRD.
The ESRS LSME will be issued as a delegated act and will be effective for LSMEs on the 1st of January, 2026, with the option to opt out for an additional two years.
EFRAG published its exposure draft of ESRS LSME on the 21st of January, 2024. The draft's set reporting requirements are proportionate and relevant to the scale and complexity of the activities and the capacities and characteristics of public-interest SMEs.
EFRAG expects that the standard will facilitate standardised sustainability information, support companies in getting better access to finance, and prevent other financial market participants from discriminating against LSMEs.
The EFRAG Secretariat,…