ESMA Publishes The Results Of An Investigation Into How Member States Have Implemented The Transparency Directive

ESMA publishes today a review (ESMA/2011/194) of how securities regulators across Europe use options and discretions under the Transparency Directive (TD). This mapping focused on those parts of the TD and its implementing measures that the participating 29 EU/EEA Member States are allowed to apply in different ways. The main purpose of the stock-take was to ascertain the extent to which Member States introduced options, discretions, additional requirements and/or more stringent rules in their national legislation in this respect. 

This report is accompanied by a press release.