Transparency Directive

• Transparency Directive
  • Recital
  • CHAPTER I GENERAL PROVISIONS
    • Article 1 Subject matter and scope
    • Article 2 Definitions

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    • Article 3 Integration of securities markets

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  • CHAPTER II PERIODIC INFORMATION
    • Article 4 Annual financial reports

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    • Article 5 Half-yearly financial reports

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    • Article 6 Report on payments to governments

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    • Article 7 Responsibility and liability
    • Article 8 Exemptions
  • CHAPTER III ONGOING INFORMATION
    • SECTION I Information about major holdings
      • Article 9 Notification of the acquisition or disposal of major holdings

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      • Article 10 Acquisition or disposal of major proportions of voting rights

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      • Article 11
      • Article 12 Procedures on the notification and disclosure of major holdings

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      • Article 13

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      • Article 13a Aggregation

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      • Article 14
      • Article 15
      • Article 16 Additional information
    • SECTION II Information for holders of securities admitted to trading on a regulated market
      • Article 17 Information requirements for issuers whose shares are admitted to trading on a regulated market

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      • Article 18 Information requirements for issuers whose debt securities are admitted to trading on a regulated market

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  • CHAPTER IV GENERAL OBLIGATIONS
    • Article 19 Home Member State control
    • Article 20 Languages
    • Article 21 Access to regulated information

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    • Article 21a European electronic access point

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    • Article 22 Access to regulated information at Union level

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    • Article 23 Third countries

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  • CHAPTER V COMPETENT AUTHORITIES
    • Article 24 Competent authorities and their powers

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    • Article 25 Professional secrecy and cooperation between Member States

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    • Article 26 Precautionary measures
  • CHAPTER VI DELEGATED ACTS AND IMPLEMENTING MEASURES
    • Article 27 Committee procedure
    • Article 27a Revocation of the delegation
    • Article 27b Objections to delegated acts
  • CHAPTER VIA SANCTIONS AND MEASURES
    • Article 28 Administrative measures and sanctions
    • Article 28a Breaches
    • Article 28b Sanctioning powers
    • Article 28c Exercise of sanctioning powers
  • CHAPTER VIB PUBLICATION OF DECISIONS
    • Article 29 Publication of decisions

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  • CHAPTER VII TRANSITIONAL AND FINAL PROVISIONS
    • Article 30 Transitional provisions
    • Article 31 Transposition
    • Article 32 Amendments
    • Article 33 Review
    • Article 34 Entry into force
    • Article 35 Addressees