icon-grid
Better Regulation logo
Table of Contents

Table of Contents

Expand all headings Collapse all headings Expand side bar Collapse side bar
Directive 2004/109/EC - Transparency DirectiveRecitalsChapter I General Provisions (arts. 1-3)Article 1 Subject matter and scopeArticle 2 DefinitionsArticle 3 Integration of securities marketsChapter II Periodic Information (arts. 4-8)Article 4 Annual financial reportsArticle 5 Half-yearly financial reportsArticle 6 Report on payments to governmentsArticle 7 Responsibility and liabilityArticle 8 ExemptionsChapter III Ongoing Information (arts. 9-18)Section I Information about major holdings (arts. 9-16)Article 9 Notification of the acquisition or disposal of major holdingsArticle 10 Acquisition or disposal of major proportions of voting rightsArticle 11Article 12 Procedures on the notification and disclosure of major holdingsArticle 13Article 13a AggregationArticle 14Article 15Article 16 Additional informationSection II Information for holders of securities admitted to trading on a regulated market (arts. 17-18)Article 17 Information requirements for issuers whose shares are admitted to trading on a regulated marketArticle 18 Information requirements for issuers whose debt securities are admitted to trading on a regulated marketChapter IV General Obligations (arts. 19-23 and draft art. 23a)Article 19 Home Member State controlArticle 20 LanguagesArticle 21 Access to regulated informationArticle 21a European electronic access pointArticle 22 Access to regulated information at Union levelArticle 23 Third countriesArticle 23a Accessibility of information on the European single access pointChapter V Competent Authorities (arts. 24-26)Article 24 Competent authorities and their powersArticle 25 Professional secrecy and cooperation between Member StatesArticle 26 Precautionary measuresChapter VI Implementing Measures (arts. 27-29)Article 27 Committee procedureArticle 27a Revocation of the delegationArticle 27b Objections to delegated actsChapter VIA Sanctions and measures (arts. 28-28d)Article 28 Administrative measures and sanctionsArticle 28a BreachesArticle 28b Sanctioning powersArticle 28c Exercise of sanctioning powersArticle 28d ESMA guidelinesChapter VIB Publication of Decisions (art. 29)Article 29 Publication of decisionsChapter VII Transitional and Final Provisions (arts. 30-35)Article 30 Transitional provisionsArticle 31 TranspositionArticle 32 AmendmentsArticle 33 ReviewArticle 34 Entry into forceArticle 35 AddresseesDone at
Page Overview
Related
Document Overview
Tools
Set a date to view the document
Text comparison options
Full text - Date 1 vs Date 2
Amendments requiring commencement - Current text vs Text requiring commencement
Draft proposed changes - Current text vs Text proposed by drafting documents
Coming soon: Any documents - Any document vs Another document at any date
Print / Export options
Whole document
Selected pages
Consolidated PDF of the entire document as of 21st December 2024
Original PDF
Export
Export line by line
Export provision to provision
Report template
Create report template
Alert me to changes
Manage alerts
Bookmarks
This document
Manage bookmarks
Search within this document
View previous searches
Share
Original source link (1)
Original source link (2)
Get page link
Share via email application
Next
Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Published date: 31 December 2004

Directive 2004/109/EC - Transparency Directive

Recitals
Chapter I General Provisions (arts. 1-3)
Article 1 Subject matter and scope
Article 2 Definitions
Article 3 Integration of securities markets
Chapter II Periodic Information (arts. 4-8)
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 (arts. 9-18)
Section I Information about major holdings (arts. 9-16)
Article 9 Notification of the acquisition or disposal of major holdings
Article 10 Acquisition or disposal of major proportions of voting rights
Article 11
Article 12 Procedures on the notification and disclosure of major holdings
Article 13
Article 13a Aggregation
Article 14
Article 15
Article 16 Additional information
Section II Information for holders of securities admitted to trading on a regulated market (arts. 17-18)
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 (arts. 19-23 and draft art. 23a)
Article 19 Home Member State control
Article 20 Languages
Article 21 Access to regulated information
Article 21a European electronic access point
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 (arts. 24-26)
Article 24 Competent authorities and their powers
Article 25 Professional secrecy and cooperation between Member States
Article 26 Precautionary measures
Chapter VI Implementing Measures (arts. 27-29)
Article 27 Committee procedure
Article 27a Revocation of the delegation
Article 27b Objections to delegated acts
Chapter VIA Sanctions and measures (arts. 28-28d)
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 (art. 29)
Article 29 Publication of decisions
Chapter VII Transitional and Final Provisions (arts. 30-35)
Article 30 Transitional provisions
Article 31 Transposition
Article 32 Amendments
Article 33 Review
Article 34 Entry into force
Article 35 Addressees
Done at
Next