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Europe Daily Bulletin No. 9678

10 June 2008
Contents Publication in full By article 16 / 47
GENERAL NEWS / (eu) eu/financial services
Commission encourages Member States to limit liability of auditors of companies quoted in EU

Brussels, 06/06/2008 (Agence Europe) - On Friday 6 June, the European Commission adopted a recommendation encouraging the Member States to limit the civil liability of bookkeepers and auditors of companies quoted on the stock exchange in the EU, whilst leaving it up to the Member States to decide on which instruments to use to achieve this result (see EUROPE 9665). This recommendation, which is non-binding, has the objective, amongst other things, of stimulating competition on the European...

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