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Fast track urged for EU IAS regulation

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07 Dec 2001

The European Commission has published its Fifth Report on Implementing the EU Financial Services Action Plan.

"The proposals on pension funds, prospectuses, financial conglomerates and International Accounting Standards, and a new proposal on Takeover Bids following the European Parliament setback in July, are key measures that should be adopted by end 2002 if they are to be implemented by the agreed deadlines." The IAS Regulation is proposed for approval during the EU's Spanish Presidency (first half of 2002).

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