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Does the TD impact on consumers?

April 26, 2017Consumers impact TD

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Does the TD impact on consumers?

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The TD will have the effect of imposing obligations on issuers whose securities are admitted to trading on a regulated market. As such, it impacts consumers by directly affecting the information available to investors in such securities. However, the TD requires a high standard of continuous reporting by companies whose shares are admitted to trading on a regulated market. This will enable shareholders and potential shareholders to make informed investment decisions. The TD should also enable shareholders and potential shareholders easier access to this information on a pan-European basis. In addition, if consumers are shareholders in companies with securities admitted to trading on regulated markets in the EU and their holdings reach, exceed (or subsequently fall below) the thresholds stated in the TD (5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) they will be required to inform the issuer. The issuer will then inform the market.