UAE stocks regulator weighs stricter reporting measures | The National:
"The federal stock market regulator is mulling a plan to halve the period allowed for public companies to report earnings.
The Securities and Commodities Authority is considering reducing the grace period that corporates will have to disclose their annual financial results to 45 calendar days from 90 days after the end of the financial period. Quarterly results would have to be disclosed within 30 days instead of 45 days.
“The current grace period was set according to international best practices,” said Abdullah al Turifi, the SCA chief executive, during a session of the Federal National Council. “But we are considering shortening the time period.”"
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