Draft law would abolish quarterly, 9-mo. publication of results

Wednesday, 09 March 2016 12:12
UPD:12:14
SHUTTERSTOCK

The change would mandate six-month and yearly publication of results, with an extension of four months allowed for the annual results.

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A draft bill unveiled on Tuesday envisions the abolition of quarterly and nine-month reports, but also cites an obligation of the part of publishers to release more information on issues of transparency and media issues, legislation ostensibly aimed at harmonizing Greek law with a European directive.

The change would mandate six-month and yearly publication of results, with an extension of four months allowed for the annual results.

Results would also be available to investors for 10 years instead of the current five-year period.

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