Following the transposition of the Transparency Directive on June 13th, the Financial Regulator has delegated certain functions to the Irish Stock Exchange (ISE) for the purposes of the Transparency Rules.
These functions include including the monitoring of listed companies for compliance with their obligations under the regulations and the transparency rules, and as a result, the exchange has published a guidance note on the new regulations.
The Directive applies to legal entities whose debt or equity securities are admitted to trading on an EU ‘regulated market’, which in Ireland is the Official List of the Irish Stock Exchange (ISE).
In addition to the delegation of certain roles to the ISE, the regulations also set out the requirements in respect of periodic financial reporting, exemptions and third country equivalence. The regulations also detail liability for false or misleading statements in certain publications and set out the continuing obligations and requirements for access to information.
The regulations further provide for the dissemination of information and identify the competent authorities within Ireland, as being the Central Bank and Financial Services Authority (CBFSA) together with IASSA. |
