(1) After section 89 of the Financial Services and Markets Act 2000 insert -
"Transparency obligations
(1) The competent authority may make rules for the purposes of the transparency obligations directive.
(2) The rules may include provision for dealing with any matters arising out of or related to any provision of the transparency obligations directive.
(3) The competent authority may also make rules -
(a) for the purpose of ensuring that voteholder information in respect of voting shares traded on a UK market other than a regulated market is made public or notified to the competent authority;
(b) providing for persons who hold comparable instruments (see section 89F(1)(c)) in respect of voting shares to be treated, in the circumstances specified in the rules, as holding some or all of the voting rights in respect of those shares.
(4) Rules under this section may, in particular, make provision -
(a) specifying how the proportion of -
(i) the total voting right
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