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ARTICLE · 23 JULY 2008

The New Transparency Requirements Law

Elias Neocleous & Co LLC
Elias Neocleous & Co LLC
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Elias Neocleous & Co LLC

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The Transparency Requirements Law, Law 190(I)/2007 took effect on 1 January 2008.

CyprusWealth Management

The Transparency Requirements Law, Law 190(I)/2007 took effect on 1 January 2008. It transposes into domestic legislation the European Parliament and Council Directive 2004/109/EC on transparency requirements of listed transferable securities, and in part the European Commission Directive 2007/14/EC, which sets out detailed rules for the implementation of certain provisions of Directive 2004/109/EC.

The Law applies to issuers of transferable securities listed for trading on a regulated market having Cyprus as their Home Member State. It designates the Cyprus Securities and Exchange Commission ("CySEC") as the competent authority with responsibility for supervision and enforcement.

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