UK Implementation of the Transparency Directive: Periodic Financial Reporting, Major Shareholding Disclosures and Other Continuing Obligations
9 February 2007
Mayer Brown Legal Update
Implementation of the EU Transparency Directive (the “Directive”) in the UK took effect on 20 January 2007. This alert considers the two most significant aspects of the new UK transparency rules, namely the requirements for periodic financial reporting and the major shareholding disclosure regime. It ends with a brief look at other continuing obligations contained within the new rules.