ESMA publishes an Updated Practical Guide on notifications of major holdings under the Transparency Directive

ESMA publishes an Updated Practical Guide on notifications of major holdings under the Transparency Directive

The European Securities and Markets Authority (ESMA) has published an updated practical guide on notifications of major holdings under the EU Transparency Directive. The Guide summarises the national rules across the European Economic Area (EEA) and serves as an aid to market participants and shareholders with notification obligations under national law in accordance with the Transparency Directive. The first Part of the Practical Guide is a summary of the main rules and practices, presented on a country-by-country basis, while the second Part provides key information regarding the different EEA jurisdictions in the form of comparative tables.

The Practical Guide can be found at https://www.esma.europa.eu/sites/default/files/library/practical_guide_major_holdings_notifications_under_transparency_directive.pdf.