(1) The FCA must give ESMA notice of any exemption which the FCA grants from a requirement referred to in Article 23.1 of the transparency obligations directive [OJ No. L 390, 31.12.2004, p. 38-57.] (requirement relating to the provision of information by issuers of transferable securities situated in third countries).
(2) "Transparency obligations directive" has the meaning given in section 103(1) [The definition was inserted by the Companies Act 2006 (c. 46), section 1265, and was amended by S.I. 2012/1538.].