A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
On 30 October 2017, ESMA issued a revised version of its Q&A document on the implementation of its Guidelines on Alternative Performance Measures (APMs) ...
within Law Department Performance and Consumer Protection topic(s)
with readers working within the Retail & Leisure industries
On 30 October 2017, ESMA issued a revised version of its Q&A
document on the implementation of its Guidelines on Alternative
Performance Measures (APMs) for listed issuers,
adding six new questions and answers.
The new Q&As provide information on areas including: the
definition of APMs; the scope of the APM guidelines; how to apply
the fair review principle under the APM guidelines; and also how to
provide reconciliation between the APM used and the most directly
reconcilable line item total or subtotal presented in financial
statements.
APMs are financial information on a company's historical or
future performance, financial position or cash flow, which are not
drawn from the financial statements. The guidelines apply to APMs
disclosed by issuers with securities traded on regulated markets,
and to persons responsible for drawing up a prospectus.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
