The European Securities and Markets Authority has published a new version of its questions and answers concerning the 2004 Transparency Directive. New in this edition are two points: - Where's "home": Determination of the home member state for third country issuers in case of delisting and admission to trading in another member state – the home state of the issuer remains the jurisdiction even if the issuer delists at home and lists in another member state.
- Agents and rights: Designation of an agent for the exercise of financial rights – issuers have to provide a service for home-country securities holders to exercise their financial rights even if the company is listed abroad. But the agent providing such a service needn't be resident in the home country.
In all, the document deals with 18 questions.
Source document: The ESMA update is a 13-page pdf file.
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