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The first part covers the notifications duties of major holding of voting rights clarifying the conditions and requirements that management companies and investment firms and their parent undertakings should comply with.
The second part covers specific on half yearly reporting, namely the minimum content of half-yearly financial statements not prepared under IAS/IFRS
Other issues covered by the paper relate to the equivalence of transparency requirements for third countries issuers, and procedural arrangements whereby an issuer may elect its ‘home Member State’ competent authority for the purposes of the Directive.
The consultation on this second paper will close on 4th March 2005.