Transparency Directive revised by EU

The EU has issued revised guidelines for the Transparency Directive outlining new reporting requirements, including revisions to quarterly financial reporting.

European commissioner Michel Barnier welcomed the latest agreement on the revised Transparency Directive that looks set to usher in a more open and long-termist approach to business.

The new rules will come into force this August, following approval by the European parliament and the EU Council on 12 June. An EU spokesperson said: 'The amendment to the directive will be published in the Official Journal of the European Union (OJ) in July and 20 days later it will enter into force.