ESMA publishes documents to support the entering into force of the amended Transparency Directive

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26 Oct 2015

The European Securities and Markets Authority (ESMA) has published four documents in order to support the implementation of the amended European Union Transparency Directive.

The new Transparency Directive closes an existing gap in the notification requirements by requiring disclosure of major holdings of all financial instruments that could be used to acquire economic interest in listed companies. It enters into force on 26 November 2015.

The new documents ESMA has prepared to promote the implementation and to contribute to a harmonised EU application are:

  • updated questions and answers on the Transparency Directive;
  • a new standard form for disclosing the home member state;
  • a new standard form for the notification of major holdings; and
  • the indicative list of financial instruments subject to notification requirements. 

The documents are available through the press release on the ESMA website.

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