meta_id 3082698

On April 21, 2026, the European Securities and Markets Authority (ESMA) published the 2025 European Single Electronic Format (ESEF) XBRL taxonomy files and an updated ESEF Conformance Suite to support issuers and software vendors in preparing 2026 International Financial Reporting Standards (IFRS) consolidated financial statements. The 2025 taxonomy reflects the introduction of IFRS 18 Presentation and Disclosure in Financial Statements, which becomes effective from January 1, 2027, with early application permitted. The updated ESEF taxonomy includes two entry points, enabling issuers to report under either IAS 1 or IFRS 18. This dual-entry approach facilitates understanding of the new reporting structure, encourages timely preparation, and reduces implementation risks for market participants. ESMA confirmed it does not plan to amend the ESEF Regulatory Technical Standards (RTS) or taxonomy during 2026. This decision aligns with the IFRS Foundation's decision not to issue a 2026 IFRS Accounting Taxonomy update, providing greater regulatory stability and extended implementation timelines for stakeholders preparing for the transition to IFRS 18. ESMA encourages issuers and software providers to consult the IFRS Foundation's guidance on the 2025 IFRS Accounting Taxonomy when preparing for upcoming reporting requirements. Stakeholders wishing to provide feedback or raise questions on the 2025 ESEF Taxonomy and Conformance Suite are invited to contact esef@esma.europa.eu. **References:** European Securities and Markets Authority (2026). ESMA support ESEF implementation with updated taxonomy. Available at: https://www.esma.europa.eu/