TRANSPARENCY DIRECTIVE
March 1st, 2003
BY KEITH NUTHALLA KEY element of the European Union's (EU) oft-touted Financial Services Action Plan has been tabled by the European Commission: a directive standardising the minimum amount of information provided by companies whose securities and shares are traded on stock exchanges and other regulated markets.Updating and toughening existing European rules, especially to take account of Brussels' move towards IAS, the directive would require all securities issuers across the EU to disclose to the public:*An audited annual IAS financial report and a management ...
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