The FSA made this recommendation as part of its consultation paper released this week aimed at modernising and simplifying the listing rules in the UK.
In July, the DTI’s working group released a consultation document, setting out the broad principles which directors should follow in deciding what information is ‘material’ and should be included in the OFR.
It recommends that the OFR include both historic and forward-looking events and trends, including future plans, facts and events, probabilities, as well as risks and opportunities.
A final report by the working group is due to be published in December.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements