Forslag til europaparlaments- og rådsdirektiv om endring av direktiv 2004/109/EF om harmonisering av krav til åpenhet med hensyn til opplysninger om utstedere av verdipapirer som er opptatt til notering på et regulert marked og av direktiv 2007/14/EF
Ansvarlig departement: Finansdepartementet
Sakstype: Direktiv
Behandlende organ: Europaparlamentet og Rådet: behandler nye forslag
Saksområde: Finansielle tjenester: børs- og verdipapirer (EØS-avtalens vedlegg vedlegg 9.3)
BAKGRUNN (fra kommisjonsforslaget, engelsk utgave)
Article 33 of the Transparency Directive (Directive 2004/109/EC) requested the European Commission to report on the operation of this Directive1. The report published by the Commission in accordance with this Article shows that the transparency requirements of the Directive are considered to be useful for the proper and efficient functioning of the market by a majority of stakeholders.
However, despite these achievements, the review of the operation of the Transparency Directive showed that there are areas where the regime it created could be improved. It is thus desirable to provide for the simplification of certain issuers' obligations with a view to make regulated markets more attractive for small and medium-sized issuers raising capital in Europe. Additionally, the legal clarity and effectiveness of the existing transparency regime needs to be increased, notably with respect to the disclosure of corporate ownership. This proposal for an amendment of the Transparency Directive is consistent with the objective of maintaining and, where necessary, enhancing the level of investor protection envisaged in the Directive and ensuring that the information disclosed is sufficient and useful for investment purposes at acceptable cost.
