ntr2-C_202406792EN.000101-E0002

Commission Notice on the interpretation of certain legal provisions in Directive 2013/34/EU (Accounting Directive), Directive 2006/43/EC (Audit Directive), Regulation (EU) No 537/2014 (Audit Regulation), Directive 2004/109/EC (Transparency Directive), Delegated Regulation (EU) 2023/2772 (first set of European Sustainability Reporting Standards, ‘first ESRS delegated act’), and Regulation (EU) 2019/2088 (Sustainable Finance Disclosures Regulation, ‘SFDR’) as regards sustainability reporting · European Union

(2) In order to rationalise reporting obligations, the Commission has made full use of its empowerment in Article 3(13) Accounting Directive to adopt Commission Delegated Directive (EU) 2023/2775 of 17 October 2023 amending Directive 2013/34/EU of the European Parliament and of the Council (OJ L, 2023/2775, 21.12.2023) to adjust the size criteria applicable to the definition micro, small, medium-sized and large undertakings or groups for the effects of inflation. This has reduced the number of undertakings subject to sustainability reporting requirements under the Accounting Directive – and, consequently, under Article 8 of Regulation (EU) 2020/852 (Taxonomy Regulation).

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Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.