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Listed Spanish Companies Will No Longer Need To Present Quarterly Results, But Just Half-Yearly

Bankinter | Spain has approved the transposition of the 2017 European directive to promote the long-term involvement of shareholders in listed companies. This will be implemented through a bill that will amend the Law on Corporations (if approved by Congress). On of the main amendments is that the obligation to present financial information in Q1 and Q3 is eliminated. Therefore, listed companies will only be required to present half-yearly results, not quarterly ones.