On November 6, 2015, HM Treasury and the FCA jointly published a policy statement on the implementation of the directive amending the Transparency Directive, setting out final rules and summarizing feedback received on their previous joint consultation on proposed amendments to the FSMA 2000 and Disclosure Rules and Transparency Rules (known as DTRs) for such implementation. The policy statement sets out the responses to the previous consultation, including on the requirement to disclose voting rights arising from holdings of financial instruments that have a similar economic effect to holding shares, as well as on the extension of deadlines for the publication of half-yearly reports and the period of time for which financial reports are publicly available. The policy statement also includes the FCA's new DTRs Sourcebook (Transparency Directive Amending Directive) Instrument 2015, implementing the changes as set out in the policy statement. The new rules enter into force on November 26, 2015.
The Policy Statement is available at: http://www.fca.org.uk/static/fca/article-type/policy%20statement/ps15-26.pdf.
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