Issuer Disclosure

ESMA's work in the area of issuer disclosure aims at providing investors with adequate information on the companies they invest in, thereby ensuring better investor protection. It covers a number of fields: Financial Reporting, Sustainability Reporting, Electronic Reporting, Audit, Prospectus, Corporate Governance, Major Shareholdings and Takeover Bids related to companies admitted to trading on a regulated market.

ESMA’s work on issuer disclosure is carried out by the Corporate Finance Standing Committee (CFSC) and the Corporate Reporting Standing Committee (CRSC), which are supported by several permanent working groups and a number of temporary task forces. Additionally, each Standing Committee has a Consultative Working Group composed of external stakeholder representatives.