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ARTICLE · 06 FEBRUARY 2015

Draft Commission Delegated Regulation Published On Technical Standards On Major Holdings

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The RTSs aim to clarify certain parts of the Transparency Directive and provide more specific and detailed rules for its implementation.

European UnionFinance and Banking
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A draft delegated regulation was published by the European Commission on 17 December 2014, in connection with RTSs with respect to the notification of major holdings under the amended Transparency Directive. The regulation largely reflects the draft RTSs published by ESMA in a final report published on 29 September 2014.

The RTSs aim to clarify certain parts of the Transparency Directive and provide more specific and detailed rules for its implementation.

The points covered by the draft technical standards include the following:

  • Further principles for the aggregation of different classifications of holdings;
  • A list of financial instruments that fall under the notification requirement; and

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