EU launches consultation on transparency obligations of public companies
23 Jul 2001
The European Commission has launched an open Internet consultation on the transparency obligations of issuers whose securities are traded on regulated markets.
The consultation document provides first indications of the views of the Commission services as to the possible structure and content of a new regime on disclosure requirements. Disclosure obligations include periodic reporting obligations such as providing annual and interim reports and ongoing disclosure obligations, such reporting changes in major shareholdings or other material information that needs to be published on an ad-hoc basis to prevent market distortions. Click for More Information.