22 March 2022

European Commission:
Updated ESEF Basic Taxonomy 2021 Adopted in EU Law

On 7 March 2022, the fourth version of the Delegated Regulation (EU) 2022/352 of the European Commission of 29 November 2021 supplementing Directive 2004/109/EC of the European Parliament and Council with respect to technical regulatory standards for the specification of a single electronic reporting format (ESEF) was published in the Official Journal of the EU.

The new version of the basic taxonomy is based on the 2021 (annual) update of the IFRS taxonomy published in March 2021 by the IFRS Foundation and applies to financial years that start on or after 1 January 2022. Issuers should be allowed also to apply the 2021 basic taxonomy to financial years that start before 1 January 2022.