Debt agreements often include covenants that must be adhered to. Potential breaches of debt covenants within twelve months after the end of the reporting period require disclosures in the financial statements to provide users with insight into the risk that underlying obligations could become repayable.
Following developments in the regulatory framework and observed practices, the FSMA has updated its expectations for these disclosures. This new opinion replaces opinion 2016_05.
Read more in FSMA_Opinion_2026_01