BRUSSELS EXTENDS DEADLINE FOR THIRD COUNTRY SECURITY ISSUERS TO USE IFRS
January 1st, 2012
BY KEITH NUTHALL
THE EUROPEAN Commission has extended to December 2014 from January 2012 the deadline for non-EU issuers of securities to base their financial data on international financial reporting standards (IFRS). To do so, these issuers' home jurisdictions must have made a practical commitment to introduce IFRS by that date.
ENDS
THE EUROPEAN Commission has extended to December 2014 from January 2012 the deadline for non-EU issuers of securities to base their financial data on international financial reporting standards (IFRS). To do so, these issuers' home jurisdictions must have made a practical commitment to introduce IFRS by that date.
ENDS
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.