Europe Switches To US-Style Disclosure Rules

Greater disclosure prompted by a new EU regulation should lower investors’ risk and heighten their confidence.

The European Commission has, after several years of negotiations and various incarnations, finally adopted a directive on minimum transparency requirements for listed companies.

The European Transparency Directive is the fourth and final step in the Financial Services Action Plan (FSAP), which also encompasses the Market Abuse Directive, The Prospectus Directive and the adoption of International Accounting Standards (IAS).

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