CEA objects to transparency proposals

Listed companies should not be made to report on a quarterly basis, argued the Comité Européen des Assurances (CEA) on behalf of insurers in response to the European Commission’s proposal for a Transparency Directive. Instead, companies that are not included under quarterly listing rules should only provide such information on a voluntary basis. The CEA said a compulsory requirement would create excessive costs whilst being of “disproportionately small value to investors’ information”.