Browse Definitions :
Definition

EU Transparency Directive (European Union Transparency Directive)

The European Union (EU) Transparency Directive is legislation that requires companies that trade securities on regulated markets in EU member states to publish financial information across the continent. Businesses that have securities traded in EU member states must adhere to the directive as part of their regulatory compliance efforts. The EU Transparency Directive took effect on 20 January 2007.

The directive defines financial reporting requirements designed to enhance transparency. In accordance with the directive, businesses must produce annual and half-yearly financial reports, as well as interim management statements for the first and third quarters of their financial years. The directive also requires immediate disclosure of any significant financial news.

According to the directive, such information must be disseminated by a Regulatory Information Service. These agencies operate according to regulatory standards and distribute information to electronic financial media firms such as Reuters, Bloomberg, Dow Jones and AFX.

The EU Transparency Directive also requires member states to ensure there is at least one Officially Appointed Mechanism (OAM) for the central storage of regulated information. As of April 2010, final arrangements had not been made to set up the network of OAMs and ad hoc measures were in place. In the UK, for example, businesses retain information in PDF format on their websites.

This was last updated in May 2010

Continue Reading About EU Transparency Directive (European Union Transparency Directive)

SearchCompliance
  • compliance risk

    Compliance risk is an organization's potential exposure to legal penalties, financial forfeiture and material loss, resulting ...

  • information governance

    Information governance is a holistic approach to managing corporate information by implementing processes, roles, controls and ...

  • enterprise document management (EDM)

    Enterprise document management (EDM) is a strategy for overseeing an organization's paper and electronic documents so they can be...

SearchSecurity
  • cipher block chaining (CBC)

    Cipher block chaining (CBC) is a mode of operation for a block cipher -- one in which a sequence of bits are encrypted as a ...

  • block cipher

    A block cipher is a method of encrypting data in blocks to produce ciphertext using a cryptographic key and algorithm.

  • hacker

    A hacker is an individual who uses computer, networking or other skills to overcome a technical problem.

SearchHealthIT
SearchDisasterRecovery
  • risk mitigation

    Risk mitigation is a strategy to prepare for and lessen the effects of threats faced by a business.

  • call tree

    A call tree is a layered hierarchical communication model that is used to notify specific individuals of an event and coordinate ...

  • Disaster Recovery as a Service (DRaaS)

    Disaster recovery as a service (DRaaS) is the replication and hosting of physical or virtual servers by a third party to provide ...

SearchStorage
  • cloud storage

    Cloud storage is a service model in which data is transmitted and stored on remote storage systems, where it is maintained, ...

  • cloud testing

    Cloud testing is the process of using the cloud computing resources of a third-party service provider to test software ...

  • storage virtualization

    Storage virtualization is the pooling of physical storage from multiple storage devices into what appears to be a single storage ...

Close