Insurance EuropeInsurance Europe
Position Paper
Response to European Commission proposal to amend the non-financial disclosure requirements of the 4th and 7th accounting directives

Insurance Europe is concerned that an addition to the existing requirements for the management report could significantly increase its size and complexity and, therefore, risks jeopardising its main aim. Insurance Europe strongly believes that the annual report is not the appropriate location for all non-financial disclosures; instead extra disclosures should be provided in a voluntary separate report, and they should not be subject to audit.

Published 13 September 2013