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Our solution for creating ESEF reports (iXBRL, ZIP format) for the CNMV is Papirix.

As the same ESMA website definition “The European Single Electronic Format (ESEF) is the electronic reporting format in which issuers on EU regulated markets shall prepare their annual financial reports from 1 January 2020.

In 2013, Transparency Directivestarted to check the contain of the annual financial reporting obligations for issuers to fix them in a single electronic reporting format. The European Securities and Market Authority (ESMA) developed a Regulatory Technical Standards (RTS) to stipulate this electronic reporting format.

The main purpose of this regulation is “to make reporting easier for issuers and to facilitate accessibility, analysis and comparability of annual financial reports.”