General note: below minutes are written by Eurofiling and are not official statements by the mentioned organisations.
EBA update
EBA has published a draft of the EBA 4.2 taxonomy for public comment.
Feedback will be incorporated in the final release scheduled for publication in November.
In contains all 51 modules, most have a first reference date of March 2026, others start from December 2025.
Please note that although DORA is included in this release, it will not be used for the 2026 data collection: the EBA v4.0 taxonomy must be used instead.
NACE2.1 codes are not used in EBA 4.2 as they are not part of the ITS. Advice on converting NACE 2.1 codes to NACE 2.0 codes is provided by the JBRC (link).
ECB update
The ECB SFRDP taxonomy is updated to include 9 new datapoints. It must be used for the report with reference date December 2025. This taxonomy is expected to be published by the ECB around mid-October.
The EBA has added a new module FINREPDPFINREP that will replace the ECB SFRDP module. This EBA module is to be used for reference periods in 2026 and later.
The ECB Expert Group on Data Quality (EGDQ) rules will be updated after publication of the EBA v4.2 taxonomy.
EIOPA update
The Solvency II PWD1 is open for comments until 10 October, while the new IRRD framework’s PWD1 is open for comments until 31 October.
The first reference date of the new Solvency II taxonomy (2.10.0) is still an open question and is part of the Public Consultation of the ITS amendments (see last slides in the presentation).
Take into consideration that EIOPA will stop hosting the canonical files at the EIOPA domain from January 1st 2026, apart from the files containing the deactivations of XBRL Formula validation rules: these will remain on-line. The taxonomy packages must be used instead.
SRB update
SRF data collection (EAC_IND) for 2026 will use the taxonomy published in July. The only format allowed is xBRL-XML.
Resolution reporting for 2026 will use the EBA taxonomy modules RESOL1 and RESOL2, both must be reported in xBRL-CSV format for reference date December 2025 (and thereafter).
Please note that the validation rules in the EBA v4.2 draft release cover only 75% of the number of rules expected in the final release.
ESMA update
(Not discussed in the call, based on written feedback received)
From ESMA side, there are only a few updates.
The only piece of information to bring to the attention is the publication – on 11 September – , of the 2025 amendments to the RTS on ESEF.
The updated taxonomy reflects the latest developments in international financial reporting, including the introduction of IFRS 18 ‘Presentation and Disclosure in Financial Statements’ and IFRS 19 ‘Subsidiaries Without Public Accountability’. These standards are currently undergoing the EU endorsement process, expected to be finalised in early 2026.
Despite these standards not been yet endorsed, this approach lets issuers test and learn the new taxonomy before it becomes mandatory, ensuring an easier transition and better preparation for issuers and software vendors. Nevertheless, taxonomy elements for IFRS 18 and IFRS 19, contained in the ESEF 2025 taxonomy, may only be used to tag financial reports once these standards have been formally endorsed at EU level.
ESMA has published an XBRL taxonomy for MICA: MiCA White Paper Taxonomy 2025.
XBRL International update
XII is working on the Table Constraints specification for open table structures, because this type of rules can be (too) resource-demanding when using the XBRL Formula specification instead.
For people interested in this new specification: Table Constraints requirements. The current Candidate Recommendation and a new one, expected in the coming weeks, can be found at XBRL Specifications.
EFRAG update
Following the recommendation of the European Commission (EC), EFRAG has removed 2/3 of the datapoints in the ESRS taxonomy. An updated version of the taxonomy (also based on feedback received during the consultation period) will be submitted to the EC in November.
EFRAG has published video’s on tagging sustainability reports: link.
EFRAG has also studied the use of AI on reports to extract relevant information: link.
The voluntary VSME standard (for small companies) has been developed and the digital template (a combination of an Excel file, mapped to the taxonomy) is made available for free: link.
Events
Eurofiling is, together with XBRL EU, looking for hosting of the Digital Reporting in Europe conference for 2026. It is likely that this conference will take place in the last week of May in 2026, please block this week in your calendar!