4th November 2004 - Trucost Briefing - OFR and EU Modernisation Directive

Recent commentary has raised the possibility that the introduction of the mandatory OFR for UK listed companies will be phased or delayed, however the EU Modernisation Directive remains set to affect large EU companies from 1st January 2005. This Trucost Briefing analyses the potential changes to the draft OFR regulation, compares the OFR with the EU Modernisation Directive and looks at what these mean for companies.

Briefing Highlights:

- OFR (Operating and Financial Review) implementation may be delayed

- Possible changes to the draft OFR - companies exempted, standard of verification and safe harbour provisions

- Implications of the EU Modernisation Directive for large companies

- What companies should do next

For more information, please contact:
Richard Mattison
T: +44 207 321 3833.
info@trucost.com

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