UK companies face faster disclosure time

Firms could suffer lower share prices if they fail to comply

Monday 30 September 2002 at 16:00

UK companies could see their share prices suffer unless they accelerate their reporting cycles as key elements of the US Sarbanes-Oxley legislation come into force this week.

The new rules insist that US companies file their quarterly results more speedily. While this aspect of Sarbanes-Oxley doesn't affect companies outside the US, it will create a more timely reporting culture.