CESR consults on financial information
24 Dec 2004
The Committee of European Securities Regulators (CESR) has published Part II of the draft CESR advice on possible implementing measures for the new EU Transparency Directive.
This paper complements Part I of the consultation paper issued in October, which covered dissemination and storage of regulated information. Part II covers three specific issues raised in relation to half yearly reporting, namely, the minimum content of half-yearly financial statements not prepared under IAS/IFRS; the meaning and scope of 'major' related party transactions that must be reported on in half-yearly reports; and, the auditor's review of the half-yearly report. It also addresses the equivalence of transparency requirements for 'third country' issuers. The CESR deadline for comment on Part II is 4 March 2005. A hearing is scheduled for 17 February 2005. Consultation on Part I closes 28 January 2005. Click to download: