EUROPEAN UNION: ESMA Publishes Practical Guide on Major Shareholding Notification Rules in EEA Jurisdictions

Tuesday February 7 2017

The European Securities and Markets Authority (ESMA) has published a Practical Guide to national rules across the European Economic Area (EEA) on major holdings notifications under the Transparency Directive to help market participants navigate the different requirements.

The first part of the Practical Guide contains a fact sheet for each EEA country (with the exception of Lichtenstein) setting out the national requirements in relation to notification of major holdings along with links to the relevant websites. The second part presents information on rules and practices in a series of tables, enabling market participants to compare rules across different jurisdictions.

ESMA has created the Practical Guide based on information provided by national regulators.

ESMA will update the Practical Guide on an ad hoc basis, based on changes to national rules and practices.

For more information, please click the link at the top of the page.