ESMA: Consults on cloud outsourcing guidelines
- The response recommends standardising disclosure requirements, widening the range of companies required to report
- ESMA considers that it is time to make these amendments to the NFRD to provide users of non-financial information with more relevant
- ESMA’s December 2019 advice to the EC on undue short-term pressures on companies
- ESMA suggests in its consultation response that a stronger standardisation of non-financial disclosure needed
- While in the medium term, ESMA is of the view that international alignment should be the objective
- ESMA considers that such a European standardisation prepared by EU public body
