No L 48/26 Official Journal of the European Communities 20. 2. 82 (Acts whose publication is not obligatory) COUNCIL COUNCIL DIRECTIVE of 15 February 1982 on information to be published on a regular basis by companies the shares of which have been admitted to official stock-exchange listing (82/121/EEC) THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, and in particular Articles 54 (3) (g) and 100 thereof, Having regard to the proposal from the Commis- sion (), Having regard to the opinion of the European Parliament (%), Having regard to the opinion of the Economic and Social Committee (3), Whereas Council Directive 80/390/EEC of 17 March 1980 coordinating the requirements for the drawing up, scrutiny and distribution of the listing particulars to be published for the admission of securities to offi- cial stock-exchange listing () seeks to ensure improved protection of investors and a greater degree of equiva- lence in the protection provided, by coordinating requirements as to the information to be published at the time of admission ; Whereas, in the case of securities admitted to official stock-exchange listing, the protection of investors requires that the latter be supplied with appropriate regular information throughout the entire period during which the securities are listed ; whereas coordi- () OJ No C 29, 1. 2. 1979, p. 5 and OJ No C 210, 16. 8. 1980, p. S. () OJ No C 85, 8. 4. 1980, p. 69. () OJ No C 53, 3. 3. 1980, p. 54. () OJ No L 100, 17. 4. 1980, p. 1. nation of requirements for this regular information has similar objectives to those envisaged for the listing particulars, namely to improve such protection and to make it more equivalent, to facilitate the listing of these securities on more than one stock exchange in the Community, and in so doing to contribute towards the establishment of a genuine Community capital market by permitting a fuller interpenetration of securities markets ; Whereas, under Council Directive 79/279/EEC of § March 1979 coordinating the conditions for the admis- sion of securities to official stock-exchange listing (9, listed companies must as soon as possible make avail- able to investors their annual accounts and report giving information on the company for the whole of the financial year; whereas the fourth Directive 78/660/EEC () has coordinated the laws, regulations and administrative provisions of the Member States concerning the annual accounts of certain types of companies ; Whereas companies should also, at least once during each financial year, make available to investors reports on their activities ; whereas this Directive can, conse- quently, be confined to coordinating the content and distribution of a single report covering the first six months of the financial year; Whereas, however, in the case of ordinary debentures, because of the rights they confer on their holders, the protection of investors by means of the publication of a half-yearly report is not essential ; whereas, by virtue () OJ No L 66, 16. 3. 1979, p. 21. (9 OJ No L 222, 14. 8. 1978, p. 11.