The Minister for Finance has introduced the Transparency (Directive 2004/109/EC) (Amendment) (No. 2) Regulations 2015 with effect from 26 November 2015. These Regulations implement Directive 2013/50/EU into Irish law. The regulations:
- amend the definition of “home Member State”;
- amend the period in which issuers are required to publish annual and half-yearly financial reports; and
- remove the requirement on issuers to produce interim management statements.
The Central Bank of Ireland has also published updated Transparency Rules which came into operation on 30 November 2015. Changes made to the Transparency Rules include deletion of references to interim management statements, changes to the major shareholdings notification requirements, amendments to Home Member State notification procedures, the inclusion of references to the new standard forms, deletion of guidance relating to filing of amendment to instruments of incorporation, updates to legislative references, and other minor changes.