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The Permanent Representatives Committee approved today, on behalf of the Council, a compromisereached with the European Parliament on updated transparency requirements for issuers of securities on regulated markets (9841/13).
The presidency will now confirm to the Parliament that the Council can agree to the compromise, enabling the directive, amending an existing directive, to be adopted at first reading. Agreement was reached at a "trilogue" meeting with the Parliament and the Commission on 14 May.
The so-called transparency directive, adopted in 2004, is aimed at ensuring a high level of investor confidence through equivalent transparency for securities issuers and investors throughout the EU.It requires issuers of securities traded on regulated markets to publish periodic financial information about the issuer's performance over the financial year and on-going information on major holdingsof voting rights.
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