Treasury pushes for early end to interim statements

The Financial Conduct Authority has launched a consultation which may lead to early removal of the requirement for companies to publish interim management statements.

Following a rule change in the European Union, the FCA and other regulators have until late 2015 to push through a directive which removes the need for companies to produce interim statements. However, the FCA said today HM Treasury wants the rule change implemented ahead of the ultimate deadline. "The Treasury has asked us to remove the requirement to publish interim management statements early to lessen the administrative burden for issuers," it said. The regulator has launched a six-week consultation to get feedback from listed companies, with a view to scrapping interim stateme...