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Europe Daily Bulletin No. 10463

30 September 2011
GENERAL NEWS / (ae) eu/finance
Extractive industries to reveal how much cash they pay to non-EU states

Brussels, 29/09/2011 (Agence Europe) - EU Internal Market Commissioner Michel Barnier is fine-tuning draft legislation to introduce transparency about payments to non-EU states by extractive and forestry industries quoted on European stock exchanges. In a draft directive to amend the Transparency Directive (2004/19/EC), of which this newsletter has acquired a copy, the Commission explains that current EU legislation does not require companies quoted on the stock exchange to divulge the...

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