To date, regulators around the world have taken different approaches to non-GAAP information or alternative performance measures. In the most recent development in this field, the European Securities and Markets Authority has issued a consultation paper on APMs. Its aim is to enhance transparency and comparability when APMs are presented in public, regulatory filings.
ESMA’s proposals would apply in the 28 EU member states. However, the demand for APMs does not stop at regulatory borders, and the proposals will be followed with interest beyond the EU.
Read our In the Headlines to find out more about ESMA’s proposals and our views on the wider issues that stakeholders should work together to solve as global requirements evolve.