Transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market

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3. DEVELOPMENT OF POLICY OPTIONS; 3.3. Developing a shortlist of the most promising options: The IA has a seperate section which includes a comparison of the different options. The options are judged against four criteria: investor protection, consumer confidence, reduction of administrative burden, certainty and effectiveness. This judgement is mainly based on qualitative information regarding the judgement method with --,-,0,+ and ++. In each problem field the options are first presented, then judged against the criteria and then one option is discovered as the preferred option. Therefore the report arrives with a shortlist of the options that provide the greatest net benefits and also provides explanation of why certain policy options have been discarded.


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