1. See H. Merkt, ‘Disclosing Disclosure: Europe’s Winding Road to Competitive Standards of Publication of Company-Related Information’, in G. Ferrarini, et al., eds., Reforming Company and Takeover Law in Europe (Oxford, Oxford University Press 2004) p. 115, at p. 124. As the author points out, the use of disclosure is not the same in all Member States and the term seems much more commonly used in the United Kingdom than in continental Europe.
2. See especially the Communications from the Commission: COM(1999) 562 final; COM(2002) 275 final; COM(2002) 278 final; and COM(2005) 97 final.
3. See the Report of the High Level Group of Company Law Experts on a Modern Regulatory Framework for Company Law in Europe (the Winter Report), 4 November 2002, pp. 33–34.
4. See the Company Law Action Plan, COM(2003) 284 final.
5. See the Takeover Directive, Directive 2004/25/EC (OJ 2004 L 142/12).