ESMA_QA_1878
30/10/2017
Subject Matter
Definition of APMs; Paragraph 17 of the APM Guidelines.
Original question
Do financial measures originally defined or specified in the applicable financial reporting framework and adjusted with the aim of isolating the effect of foreign currency on these measures qualify as APMs?
ESMA Answer
30-10-2017
Original language
[ESMA32-51-370 APM Q12]
Yes. Any adjustments to a financial measure defined or specified in the applicable financial reporting framework transform that measure in an APM in accordance with paragraph 17 of the APM Guidelines.
Status: Answer Published
Additional Information
Level 1 Regulation
Transparency Directive (TD) Directive 2004/109/EC
Level 3 Regulation
Guidelines on Alternative Performance Measures
Historic Question Reference
[ESMA32-51-370 APM Q12]
Topic
Alternative Performance Measures (APM)