On 13 May, the European Commission's delegated regulation setting out regulatory technical standards on major holdings under the amended Transparency Directive (TDAD) was published in the Official Journal. The regulation will come into force on 2 June and will apply from 26 November 2015, which is the date by which all Member States must implement the measures. Click here to read the regulation.

In the meantime, the FCA's consultation on how it should implement the TDAD amendments in the UK closed on 20 May 2015.