EU Directive establishing the need for implementation of an electronic format for reporting listed companies, such as XBRL.
EU Member States have accepted the amendments to the Directive on the Harmonisation of Transparency for listed securities. Above all, these amendments require “A harmonised electronic format for reporting“. Additionally the amendments includes the following specification:
“An electronic reporting format, with due reference to current and future technological options, such as eXtensible Business Reporting Language (XBRL).”
