Euronext eases quarterly reporting requirements
22 Jan 2004
A Euronext rule, adopted in April 2003, would have required that companies in the NextEconomy and NextPrime segments publish quarterly reports starting in 2004. Euronext has changed that requirement to a non-mandatory "best practice".
Half-yearly reporting remains mandatory. Another rule adopted in April 2003 requires NextEconomy (technology) and NextPrime (more traditional) companies that are not already using IFRS to disclose, in half-yearly reports for financial years beginning on or after 1 January 2004, the effects of converting to IFRS in 2005. That rule has not been changed. Euronext is an amalgamation of the stock exchanges in Amsterdam, Brussels, Lisbon, and Paris.