17 Apr. 2007 - CESR publishes today a consultation paper entitled: “CESR’s advice on a mechanism for determining the equivalence of the generally accepted accounting principles of third countries” (Ref. CESR/07-212).
Readers are asked to consider the questions in this consultation paper and send their response via CESR's website (www.cesr.eu) under the section "Consultations". Responses to the consultation are requested by 8 May 2007. Whilst the period is significantly shorter than the usual 3 month period which CESR usually wishes to provide, this is due to the short deadline by which CESR must respond to the Commission (1 May 2007). Notwithstanding the 1 May deadline, CESR decided that its advice to the Commission should be informed by market participants’ views, following its ordinary consultation practices. In order to have a proper assessment of the responses to the consultation, CESR expects to postpone until the end of May the submission of the final advice to the Commission.