The QCA Markets and Regulations and Legal Committees reviewed the European Commission's consultation on changes to the Transparency Directive, which discusses the possibility of a proportionate regime for smaller listed companies. The QCA highlighted that there should be a more holistic review of the regulatory approach for primary markets, particularly to identify the burdens of small and mid-cap quoted companies. In addition, we noted that smaller issuers should be subject to a proportionate approach, especially where there are obligations that do not provide a significant benefit when compared to the costs associated with them.
QCA Response to the European Commission's Consultation on the Transparency Directive
The QCA Markets and Regulations and Legal Committees reviewed the European Commission's consultation on changes to the Transparency Directive, which discusses the possibility of a proportionate regime for smaller listed companies.
