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Explanatory note on related party transactions
In February 2015, the Financial Services and Markets Authority (FSMA) published a study on the disclosure by listed companies about relations and transactions with related parties.
Following this, the Corporate Governance Committee, the FSMA, and the Institute of Company Auditors established an additional explanatory note which aims to support the listed companies in complying with the provisions concerning related party transactions.
The explanatory note is structured around three main lines:
- the legal framework;
- practical considerations; and
- a number of explanatory annexes.