It is good for managers of companies to give account to their shareholders in respect of what they did within a particular reporting period. The regulators are there to ensure that managers of companies obey such rules as stated by law. The rules are meant to strengthen the institutions, to make them function effectively and ensure that managers of such companies are cautious that there are people watching them. To me, it is a good development. Besides this, when a particular company or firm is consistently not reporting or not meeting up to the directive, there must be something wrong.