UK Treasury blasted by FMLC over directive
LONDON – The Financial Markets Law Committee (FMLC) has taken the UK Treasury to task over the way the Transparency Directive is being implemented.
The Treasury issued a consultation in early August entitled, Extending the scope of the statutory damages regime for disclosures required under the Transparency Directive.
However, the FMLC’s September analysis of potential problems with the directive could be damaging. The organisation points out that "there is very considerable overlap between information that will be disclosed under the ad hoc
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