Authorized entities, regulated and supervised by the NSC, respectively financial investment services companies, investments management companies, collective investment bodies, central depositories, compensation houses and market/system operators, are required to prepare for information purposes for the financial years 2010 and 2011, within 180 days from the closure of the financial year, a second set of annual financial statements in accordance with IFRS, obtained by the re-treatment of the information provided in annual financial statements prepared according to the accounting regulations compliant with Directive IV of the EEC.
Entities are required to attach to the annual financial statements prepared in accordance with IFRS a document whose content will highlight the differences between the accounting treatment under the above-mentioned accounting regulations and the treatments stipulated by IFRS, for each element in the structure of the financial statements with related explanations.
Annual financial statements prepared in accordance with IFRS are subjected to financial audit, in accordance with legal provisions in force.
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