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Directive 2001/34/EC - Consolidated and Admissions and Reporting Directive (CARD) (also known as Listing Directive)RecitalsTitle I Definitions and Scope of Application (arts. 1-4)Chapter I Definitions (art. 1)Article 1Chapter II Scope of application (arts. 2-4)Article 2Article 3Article 4Title II General Provisions Concerning the Official Listing of Securities (arts. 5-19)Chapter I General conditions for admission (arts. 5-7)Article 5Article 6Article 7Chapter II More stringent or additional conditions and obligations (art.8)Article 8Chapter III Derogations (arts. 9-10)Article 9Article 10Chapter IV Powers of the national competent authorities (arts. 11-19)Section 1 Decision of admission (arts. 11-15)Article 11Article 12Article 13Article 14Article 15Section 2 Information requested by the competent authorities (art. 16)Article 16Section 3 Action against an issuer failing to comply with the obligations resulting from admission (art. 17)Article 17Section 4 Suspension and discontinuance (art. 18)Article 18Section 5 Right to apply to the courts in case of refusal of admission or discontinuance (art. 19)Article 19Title III Particular Conditions Relating to Official Listings of Securities (arts. 20-63)Chapter I Publication of listing particulars for admission (arts. 20-41)Section 1 General provisions (arts. 20-22)Article 20Article 21Article 22Section 2 Partial or complete exemption from the obligation to publish listing particulars (art. 23)Article 23Section 3 Permitted omission from listing particulars of certain information (art. 24)Article 24Section 4 Contents of listing of particulars in specific cases (arts. 25-34)Article 25Article 26Article 27Article 28Article 29Article 30Article 31Article 32Article 33Article 34Section 5 Control and circulation of listing particulars (arts. 35-36)Article 35Article 36Section 6 Determination of the competent authority (art. 37)Article 37Section 7 Mutual recognition (arts. 38-40)Article 38Article 39Article 40Section 8 Agreements with non-member countries (art. 41)Article 41Chapter II Specific conditions for the admission of shares (arts. 42-51)Section 1 Conditions relating to companies for the shares of which admission to official listing is sought (arts. 42-44)Article 42Article 43Article 44Section 2 Conditions relating to the shares for which admission is sought (arts. 45-51)Article 45Article 46Article 47Article 48Article 49Article 50Article 51Chapter III Particular conditions relating to the admission to official listing of debt securities issued by an undertaking (arts. 52-59)Section 1 Conditions relating to undertakings for the debt securities of which admission to official listing is sought (art. 52)Article 52Section 2 Conditions relating to the debt securities for which admission to official listing is sought (arts. 53-57)Article 53Article 54Article 55Article 56Article 57Section 3 Other conditions (arts. 58-59)Article 58Article 59Chapter IV Particular conditions relating to the admission to official listing of debt securities issued by a State, its regional or local authorities or a public international body (arts. 60-63)Article 60Article 61Article 62Article 63Title IV Obligations Relating to Securities Admitted to Official Listing (arts. 64-97)Chapter I Obligations of companies whose shares are admitted to official listing (arts. 64-77)Section 1 Listing of newly issued shares of the same class (art. 64)Article 64Section 2 Treatment of shareholders (art. 65)Article 65Section 3 Amendment of the instrument of incorporation or the statutes (art. 66)Article 66Section 4 Annual accounts and annual report (art. 67)Article 67Section 5 Additional information (art. 68)Article 68Section 6 Equivalence of information (art. 69)Article 69Section 7 Periodical information to be published (arts. 70-71)Article 70Article 71Section 8 Publication and contents of the halfyearly report (arts. 72-77)Article 72Article 73Article 74Article 75Article 76Article 77Chapter II Obligation of issuers whose debt securities are admitted to official listing (arts. 78-84)Section 1 Debt securities issued by an undertaking (arts.78-82)Article 78Article 79Article 80Article 81Article 82Section 2 Debt securities issued by a State or its regional or local authorities or by a public international body (arts. 83-84)Article 83Article 84Chapter III Obligations relating to the information to be published when a major holding in a listed company is acquired or disposed of (arts. 85-97)Section 1 General provisions (arts. 85-88)Article 85Article 86Article 87Article 88Section 2 Information when a major holding is acquired or disposed of (arts. 89-91)Article 89Article 90Article 91Section 3 Determination of the voting rights (art. 92)Article 92Section 4 Exemptions (arts. 93-95)Article 93Article 94Article 95Section 5 Competent authorities (art. 96)Article 96Section 6 Sanctions (art. 97)Article 97Title V Publication and Communication of the Information (arts. 98-104)Chapter I Publication and communication of listing particulars for the admission of securities to the official stock exchange listing (arts. 98-101)Section 1 Procedures and period of publication of listing particulars and their supplements (arts. 98-100)Article 98Article 99Article 100Section 2 Prior communication to the competent authorities of the means of publication (art. 101)Article 101Chapter II Publication and communication of information after listing (art. 102)Article 102Chapter III Languages (arts. 103-104)Article 103Article 104Title VI Competent Authorities and Cooperation between Member States (arts. 105-107)Article 105Article 106Article 107Title VII Contact Committee (arts. 108-109)Chapter I Composition, working and tasks of the Committee (art. 108)Article 108Chapter II Adaptation of the amount of equity market capitalisation (art. 109)Article 109Title VIII Final Provisions (arts. 110-113)Article 110Article 111Article 112Article 113Annex I Schedule of Listing Particulars for the Admission of Securities to the Official Stock Exchange ListingSchedule A Layout for listing particulars for the admission of shares to official stock exchange listingSchedule A, Chapter 1 Information concerning those responsible for listing particulars and the auditing of accountsSchedule A, Chapter 2 Information concerning admission to official listing and the shares for the admission of which application is being madeSchedule A, Chapter 3 General information about the issuer and its capitalSchedule A, Chapter 4 Information concerning the issuer's activitiesSchedule A, Chapter 5 Information concerning the issuer's assets and liabilities, financial position and profits and lossesSchedule A, Chapter 6 Information concerning administration, management and supervisionSchedule A, Chapter 7 Information concerning the recent development and prospects of the issuerSchedule B Layout for listing particulars for the admission of debt securities to official stock exchange listingSchedule B, Chapter 1 Information concerning those responsible for listing particulars and the auditing of accountsSchedule B, Chapter 2 Information concerning loans and the admission of debt securities to official listingSchedule B, Chapter 3 General information about the issuer and its capitalSchedule B, Chapter 4 Information concerning the issuer's activitiesSchedule B, Chapter 5 Information concerning the issuer's assets and liabilities, financial position and profits and lossesSchedule B, Chapter 6 Information concerning administration, management and supervisionSchedule B, Chapter 7 Information concerning the recent development and prospects of the issuerSchedule C Layout for listing particulars for the admission of certificates representing shares to official stock exchange listingSchedule C, Chapter 1 General information about the issuerSchedule C, Chapter 2 Information on the certificates themselvesAnnex IIAnnex II, Part A Repealed Directives and their successive amendments (referred to in Article 111)Annex II, Part B Time-limits for transposition into national law (referred to in Article 111)Annex III Correlation TableDone at
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Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Version date: 26 July 2001 - 4 December 2026
Version 2 of 3

Annex II, Part B Time-limits for transposition into national law (referred to in Article 111)

Directive

Time-limit for transposition

79/279/EEC

8 March 1981 [8.3.1982 for the Member States which introduce simultaneously Directives 79/279/EEC and 80/390/EEC.] [30.6.1983for the Member States which introduce simultaneously Directives 79/279/EEC, 80/390/EEC and 82/121/EEC.]

80/390/EEC

19 September 1982 [30.6.1983for the Member States which introduce simultaneously Directives 79/279/EEC, 80/390/EEC and 82/121/EEC.]

82/121/EEC

82/148/EEC

30 June 1983 [Time-limit for application: 30.6.1986.]

87/345/EEC

1 January 1990

1 January 1991 for Spain 

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