As a major new feature, further explanations with respect to implementation of the requirement to the regulatory technical standards (RTS) for the “block tagging” approach for ESEF has been retained, according to which the notes to the IFRS consolidated financial statement from the 2022 financial year onwards will also be subject to “block tagging”.

Other Novelties

• Explanations for if issuers publish their annual financial reports in formats other than ESEF (Chapter 1.0.2),
• Explanations for if annual financial reports are published in several languages (Chapter 1.1.2) and
• Guidance on the technical implementation of block tags (for example, minimum scope of the block tag for tabular information and tagging text information or numbers that contain empty spaces and dashes) (Chapter 2.2.5).

Issuers are encouraged to follow the guidelines in the Manual as soon as possible, but at the latest for financial reporting periods starting on or after 1 January 2022.