Press Release: Financial services: Commission adopts supplementary measures on company transparency

The European Commission has adopted measures supplementing the EU legal framework established by the Directive on transparency obligations of listed companies (2004/109/EC). This follows a positive vote of the European Securities Committee and a strong endorsement from the European Parliament on 24 October 2006. The Transparency Directive and its implementing measures will improve the quality of information available to investors on companies’ performance and financial position as well as on changes in major shareholdings.