On 17 December 2018, the European Commission published a draft Delegated Regulation supplementing the Transparency Directive (as amended) with regard to regulatory technical standards on the specification of a single electronic reporting format. The draft Delegated Regulation specifies the single electronic reporting format, as referred to in Article 4(7) of the Transparency Directive (as amended), to be used for the preparation of annual financial reports by issuers from 1 January 2020. The Delegated Regulation enters into force on the twentieth day following its publication in the Official Journal of the EU.