EUROPE - The Committee of European Securities Regulators (CESR) has recommended that listed companies disseminate regulated information to all investors across Europe, free of charge.
Their recommendations come as part of their technical advice on the EU’s Transparency Directive. CESR is consulting with the European Commission regarding implementation of the Transparency Directive which covers five areas - dissemination of regulated information, notification of major holding of voting rights, half yearly financial reports, equivalence of transparency requirements for third country issuers, and how an issuer can elect a “home Member state” authority for regulating these aspects.
CESR also recommends that issuers prepare half yearly reports in accordance with international accounting standards and give a condensed version of the balance sheet and profit and loss sheet at a minimum.
CESR is soliciting response to their advice on the Transparency Directive. Interested parties can submit their responses by 27 May.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers