Brussels, 19/11/2004 (Agence Europe) - The European Commission has adopted the regulation of the IAS 39 International Accounting Standard (Ireland, Denmark and Malta voted against, the UK abstained). With the exception of two temporary exemptions, the standard will apply to all quoted companies in the EU from 1 January 2005. The first exemption is for the application of the “fair value” system to all elements of a quoted company's balance sheet. The Commission said in a communication...