BAKGRUNN (fra Kommisjonens høringsnettside)

Consultation period: 21 March 2018 - 21 July 2018

Target group
The Commission will seek comments from the broadest possible base of stakeholders. In particular, this broad consultation aims to obtain feedback from providers and users of financial and non-financial information, such as financial institutions, companies, regulatory and supervisory bodies, accounting and audit firms, investors, lenders, management, employees, trade unions, government authorities, tax authorities, credit rating agencies, equity analysts, business counter-parties, SMEs, as well as any other interested party – commercial, public, academic or non-governmental, including private individuals, standard setting bodies, and civil society.

Objective of the consultation
The fitness check of the EU framework on public reporting by companies aims to assess whether the EU reporting framework is still fit for purpose. Its first objectives are to assess whether the EU public reporting framework is overall still relevant for meeting the objectives, adds value at the European level, and is effective, internally consistent, coherent with other EU policies, efficient and not unnecessarily burdensome. Secondly it will also review specific aspects of the existing legislation as required by EU law, and thirdly it will assess whether the EU public reporting framework is fit for new challenges (sustainability, digitalisation). Other ongoing developments in EU policies might also have an impact on the public reporting framework (Capital Markets Union, Common Corporate Tax Base, digitalisation of companies’ lifecycle, etc.).