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Europe Daily Bulletin No. 8755

27 July 2004
Contents Publication in full By article 22 / 29
GENERAL NEWS / (eu) eu/accounting
Commission asks seven member states to allow the "fair value" system to be applied to derivatives

Brussels, 26/07/2004 (Agence Europe) - The European Commission sent reasoned opinions to Belgium, Greece, France, Ireland, Luxembourg, the Netherlands and Finland on Thursday 22 July, asking them to transpose the 2001 directive on accounting rules into their national legislation. If no satisfactory response is received within two months, the Commission could decide to take these member states to the European Court of Justice.

The directive concerned requires that member states must allow or...

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