The purpose of the Transparency Directive is to harmonise ongoing and periodic minimum disclosure requirements for issuers whose securities are admitted to trading on a regulated market situated or operating within a Member State, and for holders of such securities, in order to improve investor protection throughout the European Union.

Related documents:

11 February 2022
ICMA response to European Commission targeted consultation on the Listing Act
(Transparency Directive and Listing Directive aspects at pp. 51-53)

23 December 2016
ICMA response to FCA Quarterly Consultation No.15 (CP 16/39) on proposed changes to the requirements in the FCA’s Disclosure Guidance and Transparency Rules relating to Legal Entity Identifiers

23 August 2010
ICMA response to the European Commission consultation on the modernisation of the Transparency Directive

28 August 2009
Joint ICMA / SIFMA response to IOSCO Consultation Report on Principles for Periodic Disclosure by Listed Entities

7 December 2009
ICMA response to CESR's call for evidence on 'The Use of a Standard Reporting Format for Fiancial Reporting of Issuers Having Securities Admitted to Trading on Regulated Markets

16 October 2008
Joint ICMA / SIFMA Response to HM Treasury Consultation on Extension of the Statutory Regime for Issuer Liability July 2008

12 February 2008
Joint SIFMA / ICMA Response to the FSA Consultation Paper on Disclosure of Contracts for Difference (CP07/20)

14 September 2007
ICMA-SIFMA Response to CESR call for evidence on Transparency Directive

27 April, 2007
ICMA Response to the Davies Review of Issuer Liability

2 April 2007
ICMA Response to European Commission Working Document on Information Storage

6 September 2006
ICMA comments on the draft directive implementing the Transparency Directive

23 June 2006
ICMA response to the UK FSA's consultation on implementation of the Transparency Directive in the UK

30 March 2006
ICMA Response to CESR Consultation 06_25 re Storage of Regulated Information

17 January 2006
ICMA response to Working Document on implementing measures for the Transparency Directive (2004/109/EC)

27 May 2005
IPMA Response to CESR's revised Technical Advice on Possible Implementing Measures of the Transparency Directive Released April 27, 2005

28 January 2005
IPMA Response to CESR's draft advice on Possible Implementing Measures of the Transparency Directive

4 December 2003
Further Urgent Notice to Issuers

22 May 2003
Publication by Freshfields Bruckhaus Deringer on the Transparency Directive

1 March 2003
Proposal for Transparency Directive

5 July 2002
IPMA Letter to EC Commission on Transparency Obligations

5 July 2002
Transparency Consultation Report


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