Transparency Directive (TD)
The EU directive of 15 December 2004 on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market (2004/109/EC). It is a measure under the Financial Services Action Plan (FSAP). The deadline for implementation of the transparency directive is 20 January 2007.
Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.