BusinessCompany NewsDrive towards quarterly reporting rolls on

Drive towards quarterly reporting rolls on

The European Commission is to continue with its plans to introduce quarterly reporting for listed firms within the EU, despite strong opposition from key financial figures.

Link: FSA to follow Europe on quarterly reporting

The proposed new rules are set to be unveiled next month but Commission officials have said there would be much less disclosure required than their US counterparts, where tough quarterly reporting rules have been in place for 57 years.

The rules are likely to oblige quoted companies to produce their turnover figures and profit and loss account every three months but proposals for a report with detailed data and guidance on future earnings have been abandoned.

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