Examples of using Transparency directive in English and their translations into German
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Transparency Directive.
Final adoption of implementing measures for the transparency directive- 2005 Lead: MARKT.
Transparency Directive.
Decision and guidelines on the Services of General Economic Interest and transparency directive.
The Transparency Directive respects the principle of neutrality of treatment of public and private enterprises.
The Irish Presidency isalso following the progress of the take-over directive and the transparency directive.
Rare Disease Day event looks at Transparency Directive revision to improve access to orphan medicines.
That no investor principle rc public undertakings in all situationsand all public funds covered by the Transparency Directive.
RU Â Rare Disease Day event looks at Transparency Directive revision to improve access to orphan medicines.
Leuz presented a study about capital market regulation in the EU in which he had analyzed the effectsassociated with the introduction of the Market Abuse Directive(MAD) and the Transparency Directive TPD.
For the rules to make sense, however, the threshold in the Transparency Directive should be aligned with the threshold in the Prospectus Directive. .
Currently, the Transparency Directive does not require notification of certain types of financial instruments that do not give the right to acquire voting rights, but which can be used to build secret stakes in listed companies without being disclosed to the market.
CESR(ESMA) andESME reports have been particularly valuable to identify areas of the Transparency Directive with unclear provisions and/or which could be improved.
The objectives pursued by the Transparency Directive are important to financial markets and recognised by international standard setting bodies, such as IOSCO or the OECD.
Although the prices of medicines andreimbursement are decided at national level, the Transparency Directive is aimed at facilitating the free movement of medicines in the EU.
The Transparency Directive aims to mitigate the potential impact of national rules by ensuring that pricing and reimbursement decisions follow transparent procedures and do not discriminate between medicines produced nationally and those imported from other Member States.
In the long term, the possibilityto connect the enhanced network of business registers to the electronic network, set up under the Transparency Directive(2004/109/EC), storing regulated information on listed companies could be examined.
Member States will have to amend In 2005 activities in the securities sector mainly focused on completing the EU regulatory framework by adopting the outstanding Level 2 implementing measuresconcerning the Market in Financial Instruments Directive and the Transparency Directive.
I look forward therefore to our discussion on the transparency directive, which, as you now know, has been given to the Committee on Economic and Monetary Affairs.
Finally, to facilitate access to information on companies even further,in the longer term, the connection of the network of business registers with the electronic network set up under the Transparency Directive(2004/109/EC) storing regulated information on listed companies could be envisaged.
The Commission considers that the provisions existing in the proposal for a Transparency Directive are a significant and proportionate first step towards ensuring that shareholders are provided with the electronic means to access the relevant information in advance of General Meetings.
However, in order to take into account the differences in ownership concentration, Member States should continue to be allowed to set lower nationalthresholds for notification of major holdings than those foreseen in the Transparency Directive where this is necessary to ensure appropriate transparency of holdings.
In this respect, in the Single MarketAct Communication of April 20119, the Commission stated that the Transparency Directive should be revised"in order to make the obligations applicable to listed SMEs more proportionate, whilst guaranteeing the same level of investor protection.
The Transparency Directive furthermore acknowledges[article 1(2)] that in certain sectors Member States often grant special or exclusive rights to particular undertakings, or make payments or give some other kind of compensation to particular undertakings entrusted with the operation of services of general economic interest6 which are common occurrences in the Community's ports sector.
The Commission urges all stakeholders to ensure that the time-limits of three or six months established by the Transparency Directive 89/105/EEC54 are respected and will continue to investigate all complaints pointing to an incorrect transposition or systematic disrespect of the Directive. .
The Transparency Directive has been subsequently amended by Directives 2008/22/EC4 and 2010/78/EU5 as regards the implementing powers conferred on the Commission and the draft technical standards developed by the European Securities and Markets Authority, and by Directive 2010/73/EU6 to align certain provisions of the Transparency Directive with the modified Prospectus Directive7.
On inter-port competition(between ports), the Commission shares the view of the two co-legislators(European Parliament and Council)that its financial transparency directive should apply to all ports covered by its legislative proposal and that it is necessary to adopt State Aid Guidelines(an exclusive Commission competence) on the financing of port infrastructure and will act accordingly on both fronts.
The Transparency Directive[article 1(1)] acknowledges that public undertakings continue to play an important role in the economies of the Member States, but requires that the financial relations between public authorities and public undertakings are transparent so as to help ensure fair competition between public undertakings and between public and private undertakings and an effective application of the Treaty's competition rules.
As regards connecting the network of business registers with the electronic network ofregulated information on listed companies set up under the Transparency Directive(2004/109/EC), the Committee believes that this objective should be subsequent to the full interconnection of all business registers, and that an impact assessment should be carried out on the technical difficulties involved, the effectiveness of such a measure, its real added value and the costs involved.
The External Study on the application of the Transparency Directive conducted on behalf of the Commission3(hereinafter"the External Study") reflects that a strongmajority of the stakeholders who participated in the survey consider the Transparency Directive to be useful for the proper and efficient functioning of the market.