ESMA Practical Guide to National Rules on Notifications of Major Shareholdings Across EEA under the Transparency Directive
Client Memorandum

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On 3 February 2017, the European Securities and Markets Authority (ESMA) published a Practical Guide to national rules across the EEA on notifications of major shareholdings under the Transparency Directive (Directive 2004/109/EC). 

The Guide has been prepared to assist shareholders in complying with the different requirements on a country-by-country basis.