摘要：Transparency is a fundamental
requirement for financial stability
in view of the globalised capital
markets. This is currently being
mirrored in the ¡°Transparency
Directive Implementation Act¡±
(TUG), which is set to come into
effect in Germany as of 20th
January 2007. In the run-up to this
deadline, industry representatives
have been agitating for a
one-to-one implementation of the
EU guidelines ¨C with considerable
success.
