ESMA publishes four documents in preparation for implementing EU-Transparency Directive requirements

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26 Oct, 2015

The European Securities and Markets Authority (ESMA) has published four documents in order to promote implementation and assist application of requirements included within the amended European Union Transparency Directive.

The Transparency Directive (TD), which creates a common basis for disclosure and dissemination of regulated information to the markets on a regular and on-going basis, was amended in 2013 and enters into force on 26 November 2015.

The four documents are:

  • an updated version of questions and answers on the TD;
  • a new standard form for issuers to disclose who their home Member State is as required under the TD;
  • a new standard form for shareholders to notify major holdings of voting rights to competent authorities and issuers as required under the TD; and
  • the indicative list of financial instruments subject to notification requirements. 

The press release and further information are available on the ESMA website.

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