You have until November 30th to respond to the Committee of European Securities Regulators’ (CESR) call for evidence on the use of a standard reporting format for financial reporting of issuers having securities admitted to trading on regulated markets.
According to the CESR:
A standard reporting format for financial reporting would enable automated processing of financial information, cutting out the need for manual re-entry and comparison. Investors, analysts, journalists, and financial intermediaries would be able to search information about companies on the internet more easily, to download the information into spreadsheets, to reorganise it in databases, and to put it to other comparative and analytical uses.
We couldn’t have put it better ourselves. And they’re only asking 9 questions. Go on. Give it a go.
