Proceedings of the 5th International Conference on Accounting, Auditing, and Taxation (ICAAT 2016)

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Reporting Obligations of Companies Listed on Newconnect - Scope, Irregularities in Completion and Their Consequences

Authors
Katarzyna Klimczak
Corresponding Author
Katarzyna Klimczak
Available Online December 2016.
DOI
10.2991/icaat-16.2016.24How to use a DOI?
Keywords
Reporting obligations, Alternative Trading System Rules, NewConnect
Abstract

The subject taken up in the article is the reporting obligations of companies trading their shares in the alternative trading system operated by the Warsaw Stock Exchange. The objective of the study, the results of which have been presented in this article, was the identification of the type of reporting obligations imposed by the Market Organizer on companies listed on NewConnect as well as the ascertainment of the most common irregularities in fulfilling these obligations and their regulatory consequences. Companies listed on New Connect are required to prepare current and periodic reports, whereas the Alternative Trading System Rules specify in detail the minimum information that the relevant reports must contain as well as the manner and timescale of their publication. The conducted analyses demonstrated that reporting irregularities are the most common type of breaches of the Alternative Trading System Rules. The number of sanctions imposed on participants by the Market organizer in connection with such breaches is steadily increasing since the market's beginning. The majority of these irregularities concern periodic reports.

Copyright
© 2016, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 5th International Conference on Accounting, Auditing, and Taxation (ICAAT 2016)
Series
Advances in Economics, Business and Management Research
Publication Date
December 2016
ISBN
10.2991/icaat-16.2016.24
ISSN
2352-5428
DOI
10.2991/icaat-16.2016.24How to use a DOI?
Copyright
© 2016, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Katarzyna Klimczak
PY  - 2016/12
DA  - 2016/12
TI  - Reporting Obligations of Companies Listed on Newconnect - Scope, Irregularities in Completion and Their Consequences
BT  - Proceedings of the 5th International Conference on Accounting, Auditing, and Taxation (ICAAT 2016)
PB  - Atlantis Press
SP  - 235
EP  - 244
SN  - 2352-5428
UR  - https://doi.org/10.2991/icaat-16.2016.24
DO  - 10.2991/icaat-16.2016.24
ID  - Klimczak2016/12
ER  -