Firms have 43 days for disclosure - Emirates24|7

Firms have 43 days for disclosure

The Securities and Commodities Authority (SCA) said yesterday that public shareholding companies that operate on the fiscal years ending December 31, have another 43 days (until March 31, 2009) to comply with the disclosure rules.

SCA said it is only for the annual financial statements that public shareholding companies are required to adhere to the 90-day disclosure period, provided the figures were audited by an external auditor.

The obligatory disclosure period for the first, second and third quarters continues to be 45 days.

About 54 firms are yet to declare their latest results.

 

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