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Opalesque Industry Updates - The Technical Committee of International Organization of Securities Commission (IOSCO) has published a consultation paper – (Periodic Disclosure Principles) – that makes preliminary recommendations for disclosures that could be provided by issuers in periodic reports, particularly annual reports, of listed entities. The Periodic Disclosure Principles also cover other issues related to periodic disclosure, such as the timeliness of disclosures, disclosure criteria and storage of information.
Comment is sought on these proposed principles by 31 August 2009.
Summary
The Periodic Disclosure Principles are aimed at setting out what issues should be considered by securities regulators in developing or reviewing their disclosure regimes for the periodic reports of listed entities with securities listed or admitted to trading on a regulated market in which retail investors participate. These periodic reports enhance investor protection by providing relevant information which facilitates investor decision-making, by allowing investors to compare the performance of the same company over regular intervals and by enabling investors to make comparisons between different companies.
