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Norm no. 39/2015 on accounting regulations in compliance with IFRS

Romania Current 2015

The regulation includes reporting requirements for entities authorized by the Financial Supervisory Authority and submission of an annual non-financial statement for entities with over 500 employees. 

Issuer name

Financial Supervisory Authority (ASF)

More information

this rules partially transposes the provisions of Directive 2014/95/EU of the European Parliament regarding non-financial statement " a non-financial statement containing information on at least the environmental, social and personal, human rights, combating corruption and bribery, including: a) a brief description of the business model of the entity; b) a description of the policies adopted by the entity in relation to these matters, including due diligence procedures applied; c) the results of those policies; d) the main risks arising from the entity's operations, including, where relevant and proportionate, its business relationships, products or services that could have a negative impact on the areas concerned and how the entity manages those risks; e) indicators - non-financial key performance indicators relevant to the specific activity of the entity.

Organizations covered by the instrument

Large private and listed companies

Target organization notes

All organizations except SMEs - financial services providers: insurance, pensions, capital markets

Industry scope

Financial Services

Disclosure venue

non-financial statement

ESG coverage - E (Environment)


ESG coverage- S (Social)

Human Rights

ESG coverage- G (Governance)








Date of publication


Issuer type

Financial Market Regulators

Reporting requirements

Public law and regulation

Mandatory or voluntary


The geographical scope


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