16 October 2001

UNICE comments on regular reporting

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In its comments on the Commission consultative document on regular reporting and transparency obligations of publicly traded companies UNICE notes that concerning the disclosure requrements for the sake of efficient harmonisation, any consolidated text in this field has to be precise enough in its definitions not to leave member states too much room for manoeuvre when implementing their obligations.
UNICE notes that disclosure requirements for price-sensitive information are included in both the proposals for a directive on the 'single prospectus' and on 'market abuse'. It suggests that a general comprehensive approach is adopted in this field prior to adoption of piecemeal and different requirements in the above-mentioned proposed directives.

UNICE also made comments other questions like:

Scope of application

Time limit for the publication

Upgrading the ad-hoc disclosure requirements

See UNICE comments on regular reporting

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