Therefore the Member States have to empower the authorities to achieve the aims of the Directive. Especially the authorities should be able to require involved parties to provide them with information and documents regarding each single case or require the issuers and shareholder to disclose such information, which is necessary to fulfill their requirements. Additionally the authorities shall be empowered to carry out on-site inspection, to verify compliance with the statutory requirements. References External links Full text of the Directive European Commission – Transparency requirements for listed companies European Union directives Corporate governance