First introduced in November 2013, the Amended Transparency Directive (TDA) provided EU member countries two years to conform their regulations to those adopted by the EU Commission. With the deadline having come and gone, the TDA is in a confused state with only a handful of countries meeting the 26 November effective date and the remaining in various states of delay. Some countries have yet to put forward draft legislation.
You might think that the large economy countries are the ones that have complied and met the deadline but you would be mistaken. Several countries of considerable size and market stability have missed the deadline. Countries such as: Belgium, Netherlands and Sweden to name just a few have missed the deadline and may not comply until well into 2016. The whys and wherefores are as various as the 28 member states, but the effect is a nightmare for Compliance. Read more