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Brussels financial-reporting norms for non-EU companies need improvement, ESMA says

By Jack Schickler ( February 15, 2022, 14:20 GMT | Insight) -- EU rules on financial reporting by companies from outside the bloc need to be improved, the European Securities and Markets Authority has said — potentially making the 2004 Transparency Directive the latest target as the EU seeks to beef up how it monitors foreign jurisdictions post-Brexit. The watchdog also sought to avoid further deregulation of pro-competition restrictions on the provision of market research, as the EU seeks to help small businesses to tap capital markets.EU rules on financial reporting by companies from outside the bloc need to be improved, the European Securities and Markets Authority has said — potentially making the 2004 Transparency Directive the latest target as the EU seeks to beef up how it monitors foreign jurisdictions post-Brexit. ...

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