Implementation In The Netherlands Of New Transparency Rules Expected Soon

On 22 December 2015 the First Chamber of the Dutch parliament adopted a bill implementing the revised European transparency directive. The bill, together with the implementing decrees, is expected to enter into force in early 2016; the 26 November 2015 implementation deadline has therefore not been met. In addition to our previous notes on the transparency directive, we discuss two amendments in this In context: the abolishment of the requirement to publish quarterly reports with retroactive effect to 1 January 2016, and the requirement for all issuers to disclose the home member state.

Under the Bill the requirement for listed companies to publish interim (quarterly) reports is abolished; this will have retroactive effect to 1 January 2016.