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Ireland has opted to defer the application of the European Single Electronic Reporting Format ( ESEF) obligation by one year. It will now apply in respect of financial years beginning on or after 1 January 2021 to issuers of retail debt securities listed on a regulated market. Click here to view this briefing in PDF format. retail debt securities listed on EU regulated markets are required, under the Transparency Directive, 1 the Irish Transparency Regulations 2 and the ESEF Regulation, 3 to prepare their annual financial reports using the ESEF for financial years beginning on or after 1 January 2020. Political Agreement On One-Year Deferral In December 2020, political agreement was reached at EU-level to ....