2004L0109 - Summary
DIRECTIVE 2004/109/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 15 December 2004 on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market and amending Directive 2001/34/EC
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🇫🇷 French Version: 2004L0109_FR.0. Open the PDF. Direct link to EUR-LEX.
CHAPTER I - GENERAL PROVISIONS
Article 1 - Subject matter and scope
Article 2 - Definitions
Article 3 - Integration of securities markets
CHAPTER II - PERIODIC INFORMATION
Article 4 - Annual financial reports
Article 5 - Half-yearly financial reports
Article 6 - Report on payments to governments
Article 7 - Responsibility and liability
Article 8 - Exemptions
CHAPTER III - ONGOING INFORMATION
SECTION I - Information about major holdings
Article 9 - Notification of the acquisition or disposal of major holdings
Article 10 - Acquisition or disposal of major proportions of voting rights
Article 11 - 1.
Article 12 - Procedures on the notification and disclosure of major holdings
Article 13 - 1.
Article 13a - Aggregation
Article 14 - 1.
Article 15 - For the purpose of calculating the thresholds provided for in Article 9, the home Member State shall at least require the disclosure to the public by the issuer of the total number of voting rights and capital at the end of each calendar month during which an increase or decrease of such total number has occurred.
Article 16 - Additional information
SECTION II - Information for holders of securities admitted to trading on a regulated market
Article 17 - Information requirements for issuers whose shares are admitted to trading on a regulated market
Article 18 - Information requirements for issuers whose debt securities are admitted to trading on a regulated market
CHAPTER IV - GENERAL OBLIGATIONS
Article 19 - Home Member State control
Article 20 - Languages
Article 21 - Access to regulated information
Article 22 - Access to regulated information at Union level
Article 23 - Third countries
Article 23a - Accessibility of information on the European single access point
CHAPTER V - COMPETENT AUTHORITIES
Article 24 - Competent authorities and their powers
Article 25 - Professional secrecy and cooperation between Member States
Article 26 - Precautionary measures
CHAPTER VI - DELEGATED ACTS AND IMPLEMENTING MEASURES
Article 27 - Committee procedure
Article 27a - Revocation of the delegation
Article 27b - Objections to delegated acts
CHAPTER VIA - SANCTIONS AND MEASURES
Article 28 - Administrative measures and sanctions
Article 28a - Breaches
Article 28b - Sanctioning powers
Article 28c - Exercise of sanctioning powers
Article 28d - ESMA guidelines
CHAPTER VIB - PUBLICATION OF DECISIONS
Article 29 - Publication of decisions
CHAPTER VII - TRANSITIONAL AND FINAL PROVISIONS
Article 30 - Transitional provisions
Article 31 - Transposition
Article 32 - Amendments
Article 33 - Review
Article 34 - Entry into force
Article 35 - Addressees