These are information obligations that must be fulfilled on an annual basis predetermined starting from the end of the reference annual financial year (for the Annual Financial Report and the Corporate Governance Report) o from the end of the first half of the financial year (for the Financial Report semi-annually) and ends at the end of a certain period of time.

Specifically Assonime in the case in question addresses how to consider those companies that leave the market, following the delisting operation, before the expiry of the deadline for fulfilling the obligation.

First the association recalls article 154-ter TUF, which obliges listed issuers with Italy as a member state of origin, to publish the Annual Financial Report and the Financial Report semi-annual, which constitute an information basket aimed at reporting to the market of the equity, economic and financial performance of the company and the result of the exercise.

In fact, the annual financial report includes the project financial statements (or the financial statements in companies that adopt the model dualistic), the consolidated financial statements, the management report and the required certifications from the art. 154-bis TUF by the delegated administrative bodies and the manager in charge to the drafting of accounting documents. The half-yearly report must instead contain: the abbreviated half-yearly financial statemen...