3  Data Coverage

Author

Jeremiah Lewis

An important topic for evaluating the success of ESEF-based regulatory reporting is establishing the ‘denominator’ on which all counting is based: the set of firms who are subject to the ESEF mandate.

3.1 ESEF Mandate Conditions

3.1.1 Who is required to implement ESEF?

“All issuers subject to the requirements contained in the Transparency Directive to make public AFRs.”1

3.1.2 Which country regulates an issuer’s disclosures?

  • For EU issuers, country where they are registered 2
  • For non-EU issuers, country “chosen by the issuer from amongst the Member States where its securities are admitted to trading on a regulated market” 3
  • Otherwise, based on issue choice amongst registered offices and/or countries where securities trading takes place 4

3.1.3 CBOE Data

  • Provide [‘Symbol Reference Data’][cboe_symbol_data] with ISIN for traded shares
  • 3.7k shares listed (given companies may have multiple share classes, duplication…)
  • Approximately 1k shares are also covered in Wikidata

TODO: Figure out EU reg, what it covers: TODO: Figure out licensing terms… TODO: Check this out: https://www.esma.europa.eu/sites/default/files/library/esma70-872942901-35_qas_transparency_issues.pdf

“The LuxSE daily official list fully complies with the provisions of the Grand-Ducal Regulation of 13 July 2007, transposing the EU Directive 2001/34/CE that establishes the existence of official lists.” https://www.bourse.lu/official-list

See here: https://www.esma.europa.eu/databases-library/interactive-single-rulebook/clone-mifir/article-3

3.2 Definitions

  • Issuer: “means a natural person, or a legal entity governed by private or public law, including a State, whose securities are admitted to trading on a regulated market” 5

  1. https://www.esma.europa.eu/policy-activities/corporate-disclosure/european-single-electronic-format↩︎

  2. https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02004L0109-20210318#M2-1↩︎

  3. https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02004L0109-20210318#M4-2↩︎

  4. https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02004L0109-20210318#M4-3 [cboe_symbol_data]: https://www.cboe.com/europe/equities/reference_data/↩︎

  5. https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02004L0109-20210318#tocId5↩︎