Monday October 30 2017

News Source: Global Exchanges

Focus: Other

Type: General

Country: European Union

Link: https://goo.gl/NKm29J




The European Securities and Markets Authority (ESMA) issued Guidelines on its Alternative Performance Measures (APMs).

An alternative performance measure is a financial measure of historical or future financial performance, financial position, or cash flows, other than a financial measure defined or specified in the applicable financial reporting framework. The guidelines apply to alternative performance measures disclosed by issuers or persons responsible for drawing up a prospectus

The new questions provide information on:

  1. the definition of APMs;
  2. the scope of the APM guidelines;
  3. application of the scope exemption
  4. definition of the APM ‘organic growth’;
  5. how to carry out reconciliation; and
  6. how to apply the fair review principle.

For additional information please click the link above