Company Regulation (European Community Directive)

HC Deb 03 February 1982 vol 17 cc127-8W

Mr. Richard Wainwright

asked the Secretary of State for Trade by what date all member countries of the European Economic Community are expected to have implemented the accounting provisions of the European Economic Community fourth directive on company regulation.

Mr. Eyre

Like the United Kingdom, Denmark has already implemented the directive. All other member States are working actively to fulfil their obligations and the majority can be expected to enact the necessary legislation during the course of this year. Due to the flexibility provided for in the Companies Act 1981 the time scale under which our companies will be obliged to file accounts drawn up in conformity with the directive is likely to be similar to that for the majority of other Community companies.