EC rules to enhance company transparency

The Commission has adopted measures supplementing the EU legal framework established by the directive on transparency obligations of listed companies, following a positive vote of the European Securities Committee and a strong endorsement from the European Parliament. It says the directive and its implementing measures will improve the quality of information available to investors on companies’ performance and financial position, as well as on changes in major shareholdings. The implementing measures supplement the Transparency Directive with regard to: Issuers’ disclosure of financi...