HM Treasury is consulting on the transposition into UK law of the requirement for financial institutions to disclose detailed information about their business on a country-by-country basis from July 2014. Subject to a European Commission impact assessment, the required information will be extended from 2015 to include pre-tax profit or loss, taxes paid and any public subsidies received. Capital Requirements Directive 4 affects a broad spectrum of firms, ranging from very large multinational banks to small investment firms. Comments should be submitted by 18 October 2013.
HM Treasury is consulting on the transposition into UK law of the requirement for financial institutions to disclose detailed information about their business on a country-by-country basis from July 2014. Subject to a European Commission impact assessment, the required information will be extended from 2015 to include pre-tax profit or loss, taxes paid and any public subsidies received. Capital Requirements Directive 4 affects a broad spectrum of firms, ranging from very large multinational banks to small investment firms. Comments should be submitted by 18 October 2013.
