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The European Commission has issued a consultation paper on the Transparency Directive, following the publication of its report on the Directive. The Commission is calling for views on how to modify the Directive to improve the transparency regime for listed issuers. A large section of the consultation examines how transparency obligations could be adjusted to the size of issuers to alleviate the burden of smaller issuers. The QCA Markets & Regulations and Legal Committees are examining the paper. To read the consultation paper, click here to visit the European Commission's website.

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