Europe: Commission proposes amendments to the Transparency Directive

The European Commission has a published a proposal to amend the Transparency Directive (2004/109/EC), following a consultation last year: see here (pdf). The Commission proposes, amongst other things, that the obligation on issuers to publish quarterly interim management statements should be abolished and Member States should be precluded from imposing such a requirement. For further information about this and the other proposals see: Commission press release | FAQs | Impact Assessment (pdf) | Summary of Impact Assessment (pdf) |