Requirements, Guidance and Q&As for the Transparency Directive 

The Central Bank of Ireland has issued Transparency Rules under Section 1383 of the Companies Act 2014.   The Transparency Rules set out procedural and administrative requirements and guidance in respect of the Transparency (Directive 2004/109/EC) Regulations 2007 as amended (the "Regulations").

The Central Bank of Ireland may publish further rules and/or guidance in respect of the Regulations in this section of its website.

Transparency Regulatory Framework Questions and Answers

The Transparency Regulatory Framework Q&A sets out answers to queries which may arise in relation to the Transparency (Directive 2004/109/EC) Regulations 2007, S.I. 277 of 2007, as amended, and the Central Bank's Transparency Rules. It is published in order to assist in limiting uncertainty and is not relevant to assessing compliance with regulatory requirements. You should check the website from time to time in relation to any matter of importance to you to see if the position has altered.

On 25 November 2016, the Central Bank published the First Edition of the Transparency Regulatory Framework Q&A.

ESMA Guidelines

In October 2015, ESMA published the "ESMA Guidelines on Alternative Performance Measures" (the "APM Guidelines") (Reference: ESMA/2015/1415). The APM Guidelines are aimed at promoting the usefulness and transparency of Alternative Performance Measures ("APMs") included in prospectuses or regulated information. Adherence to the APM Guidelines will improve comparability, reliability and/or comprehensibility of APMs. The APM Guidelines apply to APMs disclosed by issuers or persons responsible for the prospectus when publishing regulated information or prospectuses on or after 3 July 2016.