JURSIDICTION SNAPSHOT:
Country: France
Status: Full Jurisdiction
Jurisdiction Name : xbrl.fr
Website : http://www.xbrl.org/fr
Membership Count: 38
IFRS Adoption for Public Companies: Required for all domestic listed companies
REGULATORS:
Companies Registrar: Infogreffe
Banking Supervisor: Bank of France (Banque de France)
Securities Regulator: Autorite des marches financiers (AMF)
PRINCIPAL EXCHANGES:
| NYSE Euronext (Paris) |
XBRL PROJECTS OVERVIEW:
| AMF | Development |
| Commission Bancaire | Mandatory Filing |
| Commission Surveillance Secteur Financier | Mandatory Filing |
| Infogreffe | Mandatory Filing |
| XBRL-France | Development |
JURISDICTION MEMBERSHIP:
| ALB |
| ALTARES |
| Banque De France Commission Bancaire |
| Banque Fererale Des Banques Populaires |
| Banque Psa Finance |
| CEGID |
| COFACE |
| Compagnie Nationale des Commissaires aux Comptes |
| Conseil National de la Comptabilite |
| Conseil Superieur de l'Ordre des Experts-Comptables |
| Deloitte |
| DFCG |
| Edificas |
| EDIFICAS |
| etXetra |
| Euronext |
| Experian |
| FERMAT |
| GE Factofrance |
| INFOGREFFE |
| INSEE |
| INVOKE |
| KPMG |
| Microsoft |
| OLIGOS |
| OTC CONSEIL |
| PriceWaterhouseCoopers |
| Sab Ingenierie Informatique |
| SAGE France |
| Scacchi & Associes |
| Societe Generale |
| Sopragroup |
| Temenos |
| Theia Partners |
| UBmatrix, Inc. France |
| UMANIS |
| VBF Consulting |
| VIVEO |
PROGRESS REPORT:
Since publishing the November 2007 Progress Report:
following are the milestones achieved, developments,
announcements, adoption examples and any other
newsworthy items within the French jurisdiction :
Milestones achieved and developments:
• Publication on the French website for commentaries
of the 1st version of French GAAP taxonomy
(French Financial Statements minus the Annexe and
disclosures) for companies,
• Discussion with CNC (French Conseil national de la
Comptabilité/ french National Council for Accounting)
for TCA (Taxonomie Comptes annuels / French gaap
accounting rules taxonomy) validation
• Creation of a “Regulated Information Working
group” in September 2008 (attendees : AMF, NYSE
Euonext, Infogreffe, Paris Europlace, PwC, KPMG,…
almost 20 persons) in order to set up a global
implementation approach for listed companies, and
taxonomies for regulated information
Announcements:
• Partnerships with the worldwide French Financial
cluster “Pôle Finance Innovation” in order to labelize
all the XBRL projects promoting R&D in France and
Europe
• Partnership with the French CFO association DFCG
(3 000 members) in order to promote XBRL (training
sessions, joined working group with the MEDEF)
• organize the 19th international XBRL conference in
Paris June 2009
• AMF recommendation for XBRL use in May 2008
• Organization of XBRL breakfast sessions with
Invoke, Infogreffe,…and evening meetings with
large professional association like FBF (Federation
Bancaire Française / French banking association)
and DFCG
• 7 newsletters provided as of July 08
Following actions and/or decisions are foreseen in the
near future:
• Finalisation of the 2nd version of French GAAP
taxonomy (calendar to be fixed) which include
the whole set of the Financial Statements with the
Annexe and disclosures
• Opening of the Infogreffe website allowing the input
of XBRL french statements (September 2008)
• Conversion of almost 200 000 French annual
accounts into XBRL as of September 2008, by
Infogreffe tools
• Participation to several events about XBRL in order
to increase awareness and adoption/implementation
For more information on XBRL France, please contact:
Sylvie Lépicier
XBRL France Secretary General