This section is intended to provide information on the 
Transparency (Directive 2004/109/EC) Regulations 2007 (the Regulations) which came into operation on 13 June 2007.
The Central Bank of Ireland is the competent authority for the purpose of the Regulations. The Corporate Finance Division of the Central Bank of Ireland is responsible for the competent authority functions arising from the Regulations.
The objective of the Regulations is to enhance the information made available about issuers whose securities are admitted to trading on a regulated market.
The Regulations establish minimum requirements in relation to the disclosure of periodic and ongoing information by issuers and on the disclosure of major shareholdings and voting rights.
The Regulations also deal with the mechanisms through which regulated information is disseminated and stored.
Delegation of certain tasks to the Irish Stock Exchange Limited
The Central Bank of Ireland has chosen to exercise certain of its functions as central competent authority under the Regulations by delegating certain tasks to the Irish Stock Exchange Limited.
However, final responsibility for discharging the functions of the central competent authority under the Regulations remains with the Central Bank of Ireland, except for the purposes of Article 24(4)(h) of the Transparency Directive in respect of which the Irish Auditing & Accounting Supervisory Authority (IAASA) has been appointed the relevant competent authority.
In this regard, IAASA is responsible for examining that information referred to in the Directive is drawn up in accordance with the relevant reporting framework.
The Central Bank of Ireland has published a guidance note on the Transparency Directive which is available on the Requirements and Guidance for the Transparency Directive page of this website.