ESMA Publishes Additional Guidance on Alternative Performance Measures

The European Securities and Markets Authority (ESMA) has published additional questions in its Questions and Answers (Q&A) document, on the implementation of its Guidelines on the Alternative Performance Measures (APMs) for listed issuers.

The new questions provide information on:

• the definition of APMs in the context of interim financial statements;
• the prominence of APMs, i.e., the way they are presented compared to IFRS figures outside financial statements; and
• the use of the “compliance by reference” principle as set out in the Guidelines.

Further information, including links to both the Q&A document and its Guidelines on APMs, is available from ESMA’s web site here.