EU Transparency Directive (2004/109/EC) (as subsequently amended by 2010/73/EC and 2013/50/EU). The TD provides for the harmonization of transparency requirements across the EU by requiring issuers of securities admitted to trading on a regulated market to disclose a minimum level of information to the public. The Transparency Directive forms a major component of the Financial Services Action Plan, which aims to create a single market in financial services for the EEA.

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