|
|
This preparatory work is being carried out by a multi-stakeholder Project Task Force (PTF-NFRS) that
was appointed by the Steering Group of the European Reporting Lab
@EFRAG (European Lab), within which the project operates.
In line with the requirements of the EC mandate to EFRAG, the PTF-NFRS submitted a progress report to the EC on 6 November 2020.
This
progress report provides a view of the PTF-NFRS organisation and
activities up to 31 October 2020, and the preliminary high-level
assessment points emerging from the assessment phase of the project,
which is still under finalisation.
Patrick
de Cambourg thanked the PTF-NFRS members for their commitment and
contribution to the project, commenting: "I am grateful to what the
PTF-NFRS has managed to achieve so far, and for the speed and efficiency
with which the progress report has been produced. The Task Force is
open to input from stakeholders, in particular through outreach
activities that will be undertaken between now and the end of January."
The
PTF-NFRS will continue with the next phases of its work, involving the
development of proposals and outreach activities to stakeholders, aiming
to conclude its work by the end of January 2021.
The EC also issued a separate ad personam mandate,
inviting EFRAG Board President and European Lab Steering Group
Chairman, Jean Paul Gauzès, to consider the possible need for changes to
the governance and financing of EFRAG, if it were to be entrusted with
the development of European non-financial reporting standards under a
revised NFRD. Jean-Paul Gauzès submitted his progress report
on his mandate to the EC on 6 November 2020. The report included
preliminary proposals for the future governance of EFRAG. The input
received from stakeholders through the invitation for the contribution of views launched on 1 October 2020 was
considered in these preliminary proposals. The progress report, the
input received and additional contributions expected will form the basis
of a public consultation document that will soon be published, inviting
public comments on these preliminary proposals of Jean Paul Gauzès.