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 Issuers Standing Committee (ISC), which is supported by several permanent working groups and a number of task forces and project teams. Additionally, the ISC draws on the expertise of external stakeholder representatives through its Consultative Working Groups.