Its difficult to enforce the existing rules when you don't know,...

Its difficult to enforce the existing rules when you don't know, until after the event, that disclosures that should have been made to the market were not made.

Quarterly reporting has been in place since the 1970s. The quarterly reports don't need to be audited (based on management accounts) so I can't see how reporting two more times a year based on accounts management already has access to would see a large step-up in admin costs.