19 March 2012

EuropeanIssuers review of Transparency Directive

• EuropeanIssuers supports the elimination of the duty to prepare interim management statements but companies should be able to publish them if they wish to do so;
• EuropeanIssuers does not support the introduction of duty on companies to report on payments to governments;
• EuropeanIssuers supports the elimination of the requirements on notification of changes in the company's statutes and the publication of new loan issues;
• EuropeanIssuers believes that the data format(s) to be used by Officially Appointed Mechanisms should be compatible with data formats already used by issuers;
• EuropeanIssuers believes that the publication deadline for the half-yearly report should be extended;
• EuropeanIssuers would like to have sanctions defined on the national level rather than European;
• EuropeanIssuers supports clarification of Art 17 para 2a;
• EuropeanIssuers favours a rule that encourages institutional investors to publish their general voting policies.

Full Review

Position Paper

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