Directive 2004/109/EC - Transparency Directive

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Version status: Entered into force | Document consolidation status: Updated to reflect all known changes

Published date: 31 December 2004

Consolidation Status: Updated to reflect all known changes

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	Recitals
	Chapter I General Provisions (arts. 1-3)
Entered into force	Article 1 Subject matter and scope
Amended	Article 2 Definitions
Amended	Article 3 Integration of securities markets
	Chapter II Periodic Information (arts. 4-8)
Amended	Article 4 Annual financial reports
Amended	Article 5 Half-yearly financial reports
Amended	Article 6 Report on payments to governments
Entered into force	Article 7 Responsibility and liability
Amended	Article 8 Exemptions
	Chapter III Ongoing Information (arts. 9-18)
	Section I Information about major holdings (arts. 9-16)
Amended	Article 9 Notification of the acquisition or disposal of major holdings
Entered into force	Article 10 Acquisition or disposal of major proportions of voting rights
Entered into force	Article 11
Amended	Article 12 Procedures on the notification and disclosure of major holdings
Amended	Article 13
Inserted	Article 13a Aggregation
Amended	Article 14
Entered into force	Article 15
Amended	Article 16 Additional information
	Section II Information for holders of securities admitted to trading on a regulated market (arts. 17-18)
Amended	Article 17 Information requirements for issuers whose shares are admitted to trading on a regulated market
Amended	Article 18 Information requirements for issuers whose debt securities are admitted to trading on a regulated market
	Chapter IV General Obligations (arts. 19-23 and draft art. 23a)
Amended	Article 19 Home Member State control
Amended	Article 20 Languages
Amended	Article 21 Access to regulated information
Deleted	Article 21a European electronic access point
Amended	Article 22 Access to regulated information at Union level
Amended	Article 23 Third countries
Inserted	Article 23a Accessibility of information on the European single access point
	Chapter V Competent Authorities (arts. 24-26)
Amended	Article 24 Competent authorities and their powers
Amended	Article 25 Professional secrecy and cooperation between Member States
Amended	Article 26 Precautionary measures
	Chapter VI Implementing Measures (arts. 27-29)
Amended	Article 27 Committee procedure
Inserted	Article 27a Revocation of the delegation
Inserted	Article 27b Objections to delegated acts
	Chapter VIA Sanctions and measures (arts. 28-28d)
Amended	Article 28 Administrative measures and sanctions
Inserted	Article 28a Breaches
Inserted	Article 28b Sanctioning powers
Inserted	Article 28c Exercise of sanctioning powers
Inserted	Article 28d ESMA guidelines
	Chapter VIB Publication of Decisions (art. 29)
Amended	Article 29 Publication of decisions
	Chapter VII Transitional and Final Provisions (arts. 30-35)
Entered into force	Article 30 Transitional provisions
Amended	Article 31 Transposition
Entered into force	Article 32 Amendments
Entered into force	Article 33 Review
Entered into force	Article 34 Entry into force
Entered into force	Article 35 Addressees
	Done at

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