{
  "url": "https://openlegislation.uk/eu-directive-2002-87/article-29",
  "json_url": "https://openlegislation.uk/eu-directive-2002-87/article-29.json",
  "legislation": "eudr/2002/87",
  "legislation_title": "Directive 2002/87/EC of the European Parliament and of the Council of 16 December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate and amending Council Directives 73/239/EEC, 79/267/EEC, 92/49/EEC, 92/96/EEC, 93/6/EEC and 93/22/EEC, and Directives 98/78/EC and 2000/12/EC of the European Parliament and of the Council",
  "legislation_url": "https://openlegislation.uk/eu-directive-2002-87",
  "path": "article/29",
  "kind": "article",
  "number": "29",
  "heading": "Amendments to Directive 2000/12/EC",
  "text": "Directive 2000/12/EC is amended as follows:\n1.. . . . . .\n2.. . . . . .\n3.. Article 16(2) shall be replaced by the following:\n‘2. If the acquirer of the holdings referred to in paragraph 1 is a credit institution, insurance undertaking or investment firm authorised in another Member State or the parent undertaking of a credit institution, insurance undertaking or investment firm authorised in another Member State or a natural or legal person controlling a credit institution, insurance undertaking or investment firm authorised in another Member State, and if, as a result of that acquisition, the institution in which the acquirer proposes to hold a holding would become a subsidiary or subject to the control of the acquirer, the assessment of the acquisition must be subject to the prior consultation referred to in Article 12.’\n4.. . . . . .\n5.. . . . . .\n6.. . . . . .\n7.. . . . . .\n8.. . . . . .\n9.. . . . . .\n10.. . . . . .\n11.. . . . . .",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Deleted by Directive 2006/48/EC of the European Parliament and of the council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions (recast) (Text with EEA relevance)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudr/2002/87/article/29",
    "retrieved_at": "2026-11-01T15:22:55.268075+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}