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Italian Property Tax Slammed As 'Odious And Inequitable'
5/16/2012 Niccoló Rinaldi, head of the Italian opposition party, Italia dei Valori,
in the European Parliament, has described the new Italian tax on the value of overseas
properties and financial assets as only the latest in a long line of attacks on
the finances of Italian expatriates.
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ECJ Urged To Confirm Passenger Delay Compensation
5/16/2012 An Advocate General has proposed to the European Court of Justice that
it should confirm that a passenger whose flight is delayed by three hours or more
may seek flat-rate compensation from the airline.
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South Africa Consults On Retirement Savings Incentives
5/15/2012 Following the Minister of Finance Pravin Gordhan’s announcement in his 2012
Budget in February that the South African government is looking to provide incentives
for savings and the reform of the retirement industry, the National Treasury has
now published an overview consultation paper.
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IoM E-Gaming Sector Recognised
5/15/2012 E-Gaming companies resident in the Isle of Man scooped multiple awards
at the eGaming Review Business to Business Awards, having been nominated for eighteen accolades.
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IRS Non-Resident Reporting Rule Questioned Again
5/16/2012 The Treasury Department’s failure to provide sufficient answers about Internal
Revenue Service regulations requiring United States banks to disclose interest
paid to non-resident aliens has prompted the House of Representatives’ Ways
and Means Oversight Subcommittee Chairman Charles Boustany to
request additional information.
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MEPs Agree Deal On Mobile Roaming Price Caps
5/14/2012 Data roaming and phone calls abroad for European Union consumers should be
much cheaper from July 1 this year, due to an agreement with the European Council
which has been endorsed by the European Parliament.
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Cayman Regulatory Framework Endorsed
5/15/2012 Cayman Finance has welcomed the results of an independent study which places the
Cayman Islands among only two offshore territories which have consistently implemented internationally-accepted
standards on identity verification during due diligence processes.
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Hong Kong Concerned At Operation Of US Volcker Rule
5/14/2012 Following is a question in the Legislative Council, the Secretary for Financial
Services and the Treasury, Professor K C Chan, confirmed that Hong Kong shares
the concerns raised by other financial markets, such as Canada, France, Germany,
Japan and the United Kingdom, over the extra-territorial reach and the implementation
of the United States’ Volcker Rule restrictions.
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Hearing Focusses On US Consumer Internet Privacy
5/10/2012 The Federal Trade Commission and the Department of Commerce have used their
testimonies before a hearing of the United States Senate Committee on Commerce,
Science and Transportation to describe the Administration’s efforts to protect
consumer privacy over the internet.
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EU Fails To Unite On Basel III
5/10/2012 Despite a marathon round of intense negotiations in Brussels, led by the Danish
Presidency of the European Union, EU Economic and Financial
Affairs Council ministers failed to agree a common approach on the
issue of more stringent capital standards.
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Jersey Enhances Regulatory Cooperation With Germany
5/9/2012 The Jersey Financial Services Commission has announced the signing of a cooperation
agreement to boost its relationship with the German banking, insurance and investment firms'
regulator, the Bundesanstalt fur Finanzdienstleistungsaufsicht.
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DIFC To Accept Credit Rating Agencies
5/10/2012 The Dubai Financial Services Authority has launched a consultation on new rules which would allow credit rating agencies to establish operations from the Dubai International Financial Centre tax-free zone.
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NZ Improves Taxpayer Information Sharing
5/8/2012 New Zealand’s Inland Revenue and the Ministry of Social Development are set to expand their information sharing practices to include the automatic sharing of relevant taxpayer information.
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Regulatory Change To Drive Onshore Fund Growth
5/9/2012 French hedge funds and the securities regulator AMF believe the Alternative Investment Fund Managers Directive will - more than UCITS - boost investor confidence in hedge funds and pave the way for potentially significant asset growth.
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WTO Admits Two New Member States
5/8/2012 The World Trade Organisation is to approve Samoa's accession to membership of
the global trade body on May 10, 2012, following Montenegro's accession on April
29, 2012.
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WTO Members Ready To Revisit Doha Agenda
5/8/2012 World Trade Organisation member states have informally agreed to return to the negotiating table to progress the Doha Agenda at a pace that recognises the present crisis-time challenges for nations globally.
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European Court Rules Software Functionality Not Copyright Protected
5/8/2012 In SAS Institute Inc. v. World Programming Ltd, the Court of Justice of the European
Union has made an important ruling in that computer functions, programming
languages, and data file formats could not qualify for copyright protection, and
that only actual software code was eligible for copyright protection.
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Hong Kong Readies Corporate Disclosure Regime
5/7/2012 Hong Kong’s Securities and Futures Commission and Hong Kong
Exchanges and Clearing Limited have both welcomed the enactment of the
Securities and Futures (Amendment) Ordinance 2012, which,
in particular, establishes a statutory disclosure regime for listed companies.
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IoM Welcomes CBI Endorsement
5/4/2012 The Isle of Man's Treasury Minister, Eddie Teare has welcomed further recognition
of the role being played by competitive tax jurisdictions in supporting economic
growth, in particular in the United Kingdom.
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Germany Unites On Financial Supervision Reforms
5/7/2012 During a recent sitting, Germany’s federal cabinet adopted a bill aimed
at strengthening financial supervision in Germany.
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HKMA Reviews Its Progress In 2011
5/3/2012 In addition to its actions to strengthen further the risk management of banks
through its supervisory actions and countercyclical measures on property mortgages,
the Hong Kong Monetary Authority pointed, in its 2011 Annual Report, to
its support to the further expansion of renminbi market activities in Hong Kong.
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US Issues Annual IPR Country Report
5/3/2012 The Office of the United States Trade Representative has released its annual
‘Special 301 Report’ on the perceived adequacy and effectiveness of
US trading partners’ protection and enforcement of intellectual property
rights (IPR).
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Bermuda Financial Services Conference Hailed Success
4/30/2012 Bermuda has welcomed the success of the Annual Bermuda Financial Services Conference,
held in London on April 24, 2012, which attracted an audience of more than 260 leading lawyers,
accountants and financial services executives.
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US House Passes Cybersecurity Bill
5/1/2012 Despite the indication that it would be vetoed by President Obama if it were to
arrive on his desk, the United States House of Representatives has approved the
Cyber Intelligence Sharing and Protection Act, which would encourage companies
and the government to share information about cyber threats facing networks.
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UK, EU Talk 'Shadow Banking' Regulation
5/1/2012 At a conference on ‘shadow banking’ in Brussels, both Michel Barnier,
European Commissioner for Internal Market and Services, and Paul Tucker, the Bank
of England’s Deputy Governor for Financial Stability, have outlined their
views on policies for its better regulation.
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Philippines Wins More Time In Booze Tax Case
5/1/2012 The government of the Philippines has confirmed that it has concluded negotiations
with the United States and the European Union on the reasonable period of
time for it to comply with the World Trade Organization ruling that
the excise taxes it applies on imported distilled spirits are
discriminatory.
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Kirk Explains US Asia-Pacific Trade Policy
5/1/2012 In remarks at Singapore Management University, the United States Trade Representative
Ron Kirk described the Administration’s broad trade policy in the Asia-Pacific region
as using the Trans-Pacific Partnership to make further progress with its
trading partners around the Pacific Rim.
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DFSA Wins Regulatory Court Case
4/30/2012 The Dubai Financial Services Authority has won an important case before its own Regulatory Appeals Committee on the provision of financial services by a business and two of its company directors.
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Barbados's Tax Transparency Framework Endorsed
4/27/2012 The Barbados government has welcomed recognition from the Organization for
Economic Cooperation and Development that its legislative and regulatory framework
for the exchange of tax information meets international standards.
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Australia To Grant Tax Relief To Superfund Managers
4/26/2012 A new temporary relief will enable Australian superfunds to merge without facing a tax hit, thanks to new legislation intended to support superannuation reforms.
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Volcker Rule Conformance Period Clarified
4/25/2012 The United States Federal Reserve Board has clarified that an entity covered
by the Volcker Rule section of the Dodd-Frank Wall Street Reform and Consumer Protection
Act has the full two-year period provided by the statute fully to conform its
activities and investments.
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Swiss Parliament Adopts Tax Deal With Austria
4/25/2012 Switzerland’s Federal Council has recently adopted the text of the
withholding tax agreement with Austria.
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Malta Signs Gambling Oversight Agreements
4/25/2012 Malta's Lotteries and Gaming Authority has announced the signing of three cooperation agreements with other regulators, the European Sports Security Association, the sports integrity agency of global soccer association FIFA, and the Alcohol and Gaming Commission of Ontario, to strengthen its domestic oversight capabilities and contribute towards international enforcement efforts.
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Hong Kong To Trade Renminbi Futures
4/24/2012 Hong Kong Exchanges and Clearing Limited has plans to introduce renminbi currency futures in the third quarter of this year, subject to regulatory
approval and market readiness.
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USITC Surprises With Two Rulings For Asian Exporters
4/23/2012 The United States International Trade Commission has surprised and caused
a certain amount of consternation within American industry, by ruling, twice on
the same day, that domestic manufacturers were not being harmed by imports from
their Asian competitors.
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IRS Consults On Public Sector Retirement Age Rules
4/23/2012 It has been announced that the United States Internal Revenue Service and
the Treasury Department anticipate issuing guidance relating to the applicability
of the normal retirement age rules to governmental plans.
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Australia To Enforce Companies' Workforce Obligations
4/20/2012 Draft legislation has been released by the Australian government which will enforce companies' compliance with tax and superannuation guarantee obligations.
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BIS Issues Final Principles For FMIs
4/20/2012 The Bank for International Settlement’s Committee on Payment and Settlement
Systems and the technical committee of the International Organization of
Securities Commissions have published the final version of their ‘Principles
for Financial Market Infrastructures’ report.
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IRS Issues Final Non-Resident Reporting Rule
4/18/2012 The Treasury Department has issued the final regulations on the reporting to the
Internal Revenue Service of interest paid to non-residents by United States
banks from January 1, 2013.
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Bermuda Remains Attractive To Reinsurers
4/17/2012 Bermuda has attracted eight highly-capitalized reinsurers holding Class 4 licenses
in the past five years, with more than USD8bn in fresh capital, highlighting the
territory's capability, and growth potential, as a top three reinsurance centre globally despite increased competition and the financial crisis, the government
has said.
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Guernsey 'Singled Out' In UK QROPS Change
4/17/2012 Guernsey Finance, the promotional agency for the island's financial services
industry, has condemned the UK tax authority's decision
to remove almost all Guernsey Qualifying Recognised Overseas Pensions Schemes from its updated list,
describing the move as an 'unjust attack on the island'.
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Legatum Chooses DIFC For Global HQ
4/16/2012 Private investment group Legatum has made a substantial investment in acquiring
Precinct Building 6 within the Dubai International Financial Centre tax-free zone, which will serve as the firm's global headquarters.
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East African States Boost Appeal With Red Tape Cuts
4/16/2012 A new report shows that the business environment in all five economies of the
East African Community - Burundi, Kenya, Rwanda, Tanzania, and Uganda - improved
substantially in 2010-11, with the implementation of significant regulatory reforms,
including to ease the burden of paying taxes.
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Mauritius Builds Synergy Between Domestic Regulators
4/13/2012 Mauritius's Financial Services Commission and the territory's Financial Reporting
Council on April 10, 2012, signed a Memorandum of Understanding to ensure
effective information exchange in relation to financial reporting, auditing and
corporate governance.
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Netherlands, Germany Seal New DTA
4/16/2012 German State Secretary for Foreign Affairs Emily Haber and Dutch State Secretary
for Finance Frans Weekers have recently signed in Berlin a new bilateral double
taxation agreement between the two countries.
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EU Consults On Rules For Wirelessly Connected Devices
4/13/2012 The European Commission has launched a public consultation to ensure that
the rights of individuals are respected in the so-called "Internet of Things", where everyday objects, such as phones and cars, are wirelessly connected
to the internet through smart chips, and can collect and share data.
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Full Steam Ahead For Swiss-Austrian Tax Deal
4/13/2012 Austria’s Finance Minister Maria Fekter is due to meet her Swiss counterpart
Eveline Widmer-Schlumpf in Bern on April 13, to sign a bilateral tax agreement
between the two countries aimed at resolving the outstanding issue of undeclared
Austrian money held in the Confederation’s banks, according to the Swiss
Finance Ministry.
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Offshore QROPS Domiciles Stunned At HMRC's Last-Minute Change
4/12/2012 The UK tax authority, HM Revenue and Customs
has indicated that tax
relief available on pension transfers, under so-called Qualifying Recognised
Overseas Pension Scheme structures, will no longer be available unless the Scheme
is offered within the territory in which the expatriate is newly resident, putting
a multi-million offshore industry at jeopardy.
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Germany's SPD Rejects Revised Swiss Tax Deal
4/12/2012 Sigmar Gabriel, leader of Germany’s Social Democrats, has once again
reiterated his party’s intention ‘to stop’ the Swiss tax deal
in the Bundesrat, where the coalition lacks the necessary majority, despite the
recent signing of a Supplementary Protocol to the agreement, aimed at appeasing
both the German opposition parties and the federal states, as well as the European
Commission.
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Jersey Responds To QROPS Change With New Offering
4/11/2012 The Jersey government has announced the launch of a new Jersey-based pension scheme,
the Recognized Pension Scheme, which provides a structure compliant with UK law following changes to UK rules regarding
Qualifying Recognised Overseas Pension Schemes.
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Manx Legislators Lag Behind QROPS Change
4/10/2012 Isle of Man pensions provider, Boal & Co has confirmed that it has been forced
to cease offering its Trinity QROPS offering until Isle of Man legislation is
brought up to speed with changes to UK pension rules.
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UK Due To Introduce Tax-Transparent Pooled Fund Structure
4/10/2012 Northern Trust has confirmed that it will offer the incoming UK tax-transparent
pooled funds structure, when regulations permitting the vehicle become effective in the UK in late summer 2012.
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After WTO Decision, China Establishes Rare Earth Regulatory Body
4/11/2012 Following last month’s request by several countries for consultations at
the World Trade Organization on what they consider to be China’s unfair
export restraints on rare earths, the latter has now set up a regulatory body
to oversee their exploitation.
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New Zealand Doing Well, IMF Says
4/9/2012 The International Monetary Fund has praised New Zealand's deficit reduction plan and called the government's macroeconomic stance appropriate in its latest review.
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Gibraltar Accepted Into International Audit Forum
4/6/2012 The Gibraltar Financial Services Commission has announced that it has been accepted to join the International
Forum of Independent Audit Regulators.
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Obama Signs JOBS Act For Small Businesses
4/9/2012 On April 5, after a rare example of bipartisan agreement in the United States
Congress, President Barack Obama was able to sign the Jumpstart Our Business Startups
(JOBS) Act, a bill to encourage startups and support small businesses without
the use of taxpayers’ money.
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Switzerland, Germany Renegotiate Landmark Tax Arrangement
4/9/2012 The Swiss government has confirmed the signing of a Supplementary Protocol
with Germany that amends the previous agreement of September 21, 2011, which
allocates to Germany the payment of withholding taxes on German deposits held
in Swiss banks.
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WTO Members Pressure Argentina On Trade Policy
4/9/2012 At the Council for Trade in Goods meeting on March 30, 2012, fourteen World Trade Organisation members jointly
expressed their deepening concern about Argentina’s import-licensing measures, which were said to have significantly restricted trade flows.
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World Economic Forum Issues Global ICT Report
4/6/2012 The World Economic Forum, in collaboration with INSEAD, has issued the Global
Information Technology Report for 2012, which is said to be the most comprehensive
assessment of the preparedness of global economies to leverage the networked economy.
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US Approves Final Rule On Shadow Banking
4/6/2012 The United States Financial Stability Oversight Council has issued its
final rule and interpretive guidance on the Federal Reserve Bank’s authority
to require supervision and regulation of nonbank financial companies.
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China Expands RMB Overseas Investment Scheme
4/6/2012 After close consultations between Hong Kong’s Securities and Futures Commission, the People's Bank of China and China’s State Administration of Foreign
Exchange, the China Securities Regulatory Commission has announced an expansion
of the Renminbi Qualified Foreign Institutional Investor scheme.
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Jersey Regulator Seeks Civil Penalty Capabilities
4/5/2012 The Jersey Financial Services Commission has launched a new consultation paper
proposing that the Commission be empowered to impose civil penalties
on specified registered persons for serious, uncorrected or recurring breaches
of its Codes of Practice.
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UK Overhauls Employment Tribunal Law
4/6/2012 Radical changes to the UK's employment laws come into effect this week, which the government says will cut unnecessary demands on employers, and encourage growth, while safeguarding workers’ rights.
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ATO Reviews Effective Life Determination Process
4/4/2012 The Australian Taxation Office has launched a review of assets used in the flour and starch manufacturing industry, with a view to making new 'effective life' determinations.
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EU Consults On Future Insolvency Law
4/3/2012 The European Commission has launched a public consultation on modernizing
European Union rules governing insolvencies, which have applied since May
2002 and set out how bankruptcies – of companies or individuals –
should be coordinated between member countries.
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Guernsey, Switzerland Discuss Financial Synergies
4/3/2012 Guernsey recently hosted a Swiss government delegation during a two-day visit to the island, which reinforced
the importance of links between Guernsey and Switzerland, particularly in financial
services.
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Hong Kong Launches New AML/CFT Regime
4/2/2012 Legislation which was approved by the Legislative Council in June 2011 and which
will enhance the Hong Kong financial sector’s anti-money laundering and counter-financing of terrorism regime went into effect on April 1.
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EU Deal Reached On Mobile Roaming Price Caps
3/30/2012 Data roaming and phone calls abroad for European Union consumers
should be much cheaper form July 1 this year, due to a provisional agreement between the European Parliament and the European Council.
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Gibraltar Continues Financial Sector Support To Africa
3/30/2012 Gibraltar's Financial Services Commission has announced the recent completion
of two further assignments as part of an initiative to assist international
improvements in financial sector supervision, particularly in African nations.
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Report Dissects Alderney's Role In Full Tilt Poker Case
3/30/2012 Alderney's Gambling Control Commission has welcomed the publication of an independent
report into decisions made in relation to
three companies which were licensed in Alderney to operate as Full Tilt
Poker.
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China To Quadruple E-Commerce Sales By End-2015
3/29/2012 The Chinese Ministry of Industry and Information Technology has released a Five
Year Plan which foresees e-commerce sales quadrupling to RMB18 trillion in the period to the end of 2015.
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Australian Financial Advice Bill Passed
3/29/2012 Australia’s House of Representatives has passed the government’s Future of Financial Advice reforms, designed to deliver a growth strategy for the industry.
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Hong Kong Reviews Insurance Sector Developments
3/28/2012 During his remarks to the Hong Kong Federation of Insurers, the Secretary
for Financial Services and the Treasury, Professor K C Chan, reviewed recent developments
in the insurance industry, that have 'played an important part in the development
of financial services in Hong Kong'.
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FTC Issues Final Report On US Data Privacy
3/27/2012 The Federal Trade Commission has issued its final report setting forth best
practices for businesses to protect the privacy of United States consumers and
give them greater control over the collection and use of their personal data.
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IMF Warns Of Swiss Financial Sector Risks
3/28/2012 While the Swiss economy is seen as 'fundamentally strong', the International Monetary Fund has urged Swiss
authorities to focus efforts towards strengthening safeguards for the financial
services industry, and preventing a possible real estate bubble.
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EU Strengthens IPR Protection Body
3/27/2012 The adoption of a Regulation by the European Parliament and Council is seen
to be the first legislative delivery from the strategy of the European Commission towards a single market for intellectual property rights.
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Australia Delays Financial Advice Reforms
3/26/2012 The Australian government has announced that its Future of Financial Advice reforms will not become mandatory until July, 2013, stressing that this will benefit the wealth management industry.
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EU To Regulate Public Procurement Market
3/26/2012 The European Commission has proposed a Regulation that should help to open
worldwide public procurement markets and ensure European Union businesses
have fair access to them, while also aiming to ensure that all firms (both European
and non-European) are on an equal footing when competing for business in the European
public procurement market.
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US Explains Anti-Dumping Investigative Process
3/23/2012 As the Department of Commerce is scheduled to release shortly a series
of determinations regarding antidumping duties, when a foreign company sells
a product in the United States at less than fair value, and countervailing duties to offset the benefits of foreign government subsidies, it has issued an
explanation of how its investigative process works in that regard.
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Gibraltar Government To Back Finance Industry
3/23/2012 To mark one hundred days in office, the Gibraltar government has made a number
of pledges that it will fulfil during its term, many of which are pertinent
to taxpayers and the financial services sector.
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Laos Pushes For 2013 WTO Accession
3/22/2012 Having finalized new legislation and completed all but one bilateral negotiation necessary
to join the World Trade Organization, Laos is pushing to receive approval to accede
to the trade organization by the start of next year.
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UK To Give Shareholders More Say On Bosses' Pay
3/22/2012 New reforms proposed by the UK government will enhance shareholder company rights in order to provide greater influence over executive pay.
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FSB Looks For More Robust External Audits For Banks
3/21/2012 The Financial Stability Board, as part of its work to develop and promote
the implementation of global regulatory and supervisory financial sector policies,
has re-emphasized the importance of work to improve the role that external audits
play in providing information to prudential regulators of financial institutions.
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UK To Overhaul Competition Regulation
3/21/2012 The UK is to establish a single Competition and Markets Authority, which the government says will simplify and strengthen the competition landscape.
|
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ASIC Reviews Regulatory Approach
3/16/2012 The Australian Securities and Investments Commission has announced that it is reviewing its regulatory approach to the platforms sector, as it seeks to boost investor confidence.
|
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Taxes, Red Tape 'Stifling US Aviation'
3/15/2012 The United States government should ease the tax and regulatory burden on the
the nation's aviation industry to improve the sector's competitiveness and boost the economy as a whole, the International
Air Transport Association has said.
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IoM Consults On Fund Laws
3/12/2012 The Isle of Man government has launched a consultation on draft legislation to update the regulation of 'Recognized' Collective Investment Schemes.
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EU Data Protection Rules Still Not Comprehensive, Says Watchdog
3/12/2012 The European Data Protection Supervisor has generally welcomed the proposed
package for a reform of the European Union data protection law, but remains
concerned that it is 'far from a comprehensive set of rules'.
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Hong Kong To Adopt Basle III Banking Reforms
3/13/2012 Hong Kong’s Banking (Amendment) Ordinance 2012, which empowers the Hong
Kong Monetary Authority to make rules to prescribe the capital, liquidity
and disclosure requirements applicable to authorized institutions, has been gazetted.
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Australia Consults On Investment Manager Reform
3/13/2012 The Australian government has released draft legislation implementing the first stage of its new Investment Manager Regime.
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BC To Introduce 'Social Enterprise' Company Form
3/12/2012 Changes to British Columbian legislation will allow for the introduction of a new hybrid type of company, the community contribution company.
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Hong Kong Reviews Plans For Financial Services
3/9/2012 Secretary for Financial Services and the Treasury, Professor K C Chan, has tabled
a plan at the Legislative Council Finance Committee, whereby the
government will continue to work closely with regulators and the industry to foster
the sustained development of the financial services industry in Hong Kong.
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Guernsey Firm Gets CSP Licence
3/12/2012 Guernsey-based firm Alter Domus, a leading independent provider of professional
administration services for multinational corporations and alternative investment
funds, has received approval from the Guernsey Financial Services Commission
to provide a wider range of products and services.
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Germany 'Modifies' EU-Contested Swiss Tax Deal
3/9/2012 Germany and the European Commission have reportedly resolved their differences
over the bilateral German-Swiss withholding tax deal aimed at preventing tax evasion.
|
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China's Commerce Minister Attacks US Trade Policies
3/9/2012 During a news conference on the sidelines of the 11th National People’s
Congress, while disclosing that China’s foreign trade will show a more modest
increase in 2012, Minister of Commerce Chen Deming questioned the current United
States trade policies being aimed at China.
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European Commission Acts On Securities Settlement
3/8/2012 In an attempt to bring more safety and efficiency to the financial system in Europe,
the European Commission has proposed the establishment of a European common regulatory
framework for Central Securities Depositories, the institutions responsible
for securities settlement.
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Swiss Lawmakers Give Go-Ahead To Amended US DTA
3/9/2012 Marking a significant step forward in the longstanding tax dispute between the
two countries, the Swiss National Council, or lower house, has recently given
the green light to an amendment to the bilateral double taxation agreement with the US, permitting grouped requests.
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UK Financial Reporting Body To Revise Auditing Rules
3/7/2012 The Auditing Practices Board of the UK Financial Reporting Council has proposed revisions to the International Standards on Auditing, which were issued as part of the
'Clarity Project', to ensure that they can be introduced throughout both UK and Ireland for entities undertaking auditing activities.
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Eurogroup Welcomes Greek Completion Of Prior Actions
3/6/2012 Luxembourg’s Prime Minister and Eurogroup President Jean-Claude Juncker
has recently issued a statement on behalf of the Eurogroup, underscoring that
the group welcomes the assessment of the Troika that Greece has made sufficient
progress in completing the agreed prior actions.
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FRC Proposes 2015 Delivery Of Accounting Standards
3/6/2012 The UK Financial Reporting Council, setting out its priorities and funding for 2012/13,
has said set a 2015 deadline for the entry into force of a new UK accounting framework,
UK Generally Accepted Accounting Principles.
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