While speaking at the European Parliament Plenary on the preparation of the European Council meeting of 23-24 March 2023, President von der Leyen explicitly mentioned that by the autumn 2023 the EC will put forward concrete proposals to simplify reporting requirements to reduce them by 25%. This statement was reinforced by Commissioner McGuinness during the opening address given at the launch of 2023 PwC CEO Report where she also explicitly invited EFRAG to focus its attention on providing additional guidance for companies to apply the first set of horizontal standards as well as to prioritise its efforts on that first set of horizontal standards over preparatory work for the sector standards.
Read EFAA comments here.
