ESRS for Listed SMEs (LSME)

EFRAG’s LSME workstream on reporting standards for small, medium enterprises (‘SMEs’) aims at developing a simplified standard for listed SMEs, small banks and captive insurers.

Its purpose is to set reporting requirements that are proportionate and relevant to the scale and complexity of the activities and to the capacities and characteristics of the companies in scope and to support these entities in getting better access to finance.

The CSRD requires to issue this Standard as a delegated act and to be effective on 1 January 2026.