The Transparency Directive (TD), which creates a common basis for disclosure and dissemination of regulated information to the markets on a regular and on-going basis, was amended in 2013 and enters into force on 26 November 2015.

In order to promote the implementation and contribute to a harmonised EU application, ESMA has published the following four documents relating to the amended TD:

  • Updated Q&A on TD
  • New standard “Home Member State Disclosure form”
  • New standard form for the notification of major holdings
  • Re-published the indicative list of financial instruments subject to notification requirements as stand-alone document