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ARTICLE · 20 JANUARY 2014

Amendment Of Transparency Directive

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On 6 November 2013, Directive 2013/50/EC of the European Parliament and of the Council of 22 October 2013 amending the so-called Transparency Directive was published in the Official Journal of the European Union.

LuxembourgCorporate/Commercial Law
Wildgen
Wildgen
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On 6 November 2013, Directive 2013/50/EC of the European Parliament and of the Council of 22 October 2013 amending the so-called Transparency Directive (2004/109/EC*) was published in the Official Journal of the European Union (the "New Directive").

The Transparency Directive requires issuers of securities traded on regulated markets to inter alia publish periodic financial information about the issuer's performance over the financial year as well as on-going information on major holdings of voting rights. In this regard, the agreed improvements of the New Directive are aimed at:

  • simplifying certain obligations so as to make regulated markets more attractive for raising capital for small and medium-sized issuers.

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