{
  "url": "https://openlegislation.uk/eu-directive-2004-109",
  "json_url": "https://openlegislation.uk/eu-directive-2004-109.json",
  "id": "eudr/2004/109",
  "title": "Directive 2004/109/EC of the European Parliament and of the Council of 15 December 2004 on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market and amending Directive 2001/34/EC",
  "short_title": "Directive 2004/109/EC of the European Parliament and of the Council of 15 December 2004 on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market and amending Directive 2001/34/EC",
  "long_title": "Directive 2004/109/EC of the European Parliament and of the Council of 15 December 2004 on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market and amending Directive 2001/34/EC",
  "citation": "EU Directive 2004/109",
  "type": "eudr",
  "year": "2004",
  "number": "109",
  "version": "current",
  "date": "2004-12-15",
  "revised": false,
  "valid_from": null,
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/eu-directive-2004-109/introduction",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "chapter/I",
      "kind": "chapter",
      "number": "I",
      "heading": "GENERAL PROVISIONS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/1",
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      "number": "1",
      "heading": "Subject matter and scope",
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-1",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I"
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "Definitions",
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-2",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I"
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "Integration of securities markets",
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-3",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/I"
    },
    {
      "path": "chapter/II",
      "kind": "chapter",
      "number": "II",
      "heading": "PERIODIC INFORMATION",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/4",
      "kind": "article",
      "number": "4",
      "heading": "Annual financial reports",
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-4",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/5",
      "kind": "article",
      "number": "5",
      "heading": "Half-yearly financial reports",
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-5",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/6",
      "kind": "article",
      "number": "6",
      "heading": "Report on payments to governments",
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-6",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/7",
      "kind": "article",
      "number": "7",
      "heading": "Responsibility and liability",
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-7",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "article/8",
      "kind": "article",
      "number": "8",
      "heading": "Exemptions",
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-8",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/II"
    },
    {
      "path": "chapter/III",
      "kind": "chapter",
      "number": "III",
      "heading": "ONGOING INFORMATION",
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      "status": null,
      "parent": null
    },
    {
      "path": "chapter/III/section/I",
      "kind": "section",
      "number": "I",
      "heading": "Information about major holdings",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III"
    },
    {
      "path": "article/9",
      "kind": "article",
      "number": "9",
      "heading": "Notification of the acquisition or disposal of major holdings",
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-9",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III/section/I"
    },
    {
      "path": "article/10",
      "kind": "article",
      "number": "10",
      "heading": "Acquisition or disposal of major proportions of voting rights",
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-10",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III/section/I"
    },
    {
      "path": "article/11",
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      "status": null,
      "parent": "chapter/III/section/I"
    },
    {
      "path": "article/12",
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      "heading": "Procedures on the notification and disclosure of major holdings",
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      "status": null,
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    {
      "path": "article/13",
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      "status": null,
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    },
    {
      "path": "article/13a",
      "kind": "article",
      "number": "13a",
      "heading": "Aggregation",
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      "status": null,
      "parent": "chapter/III/section/I"
    },
    {
      "path": "article/14",
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      "heading": null,
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      "status": null,
      "parent": "chapter/III/section/I"
    },
    {
      "path": "article/15",
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      "number": "15",
      "heading": null,
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-15",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III/section/I"
    },
    {
      "path": "article/16",
      "kind": "article",
      "number": "16",
      "heading": "Additional information",
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-16",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III/section/I"
    },
    {
      "path": "chapter/III/section/II",
      "kind": "section",
      "number": "II",
      "heading": "Information for holders of securities admitted to trading on a regulated market",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III"
    },
    {
      "path": "article/17",
      "kind": "article",
      "number": "17",
      "heading": "Information requirements for issuers whose shares are admitted to trading on a regulated market",
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-17",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III/section/II"
    },
    {
      "path": "article/18",
      "kind": "article",
      "number": "18",
      "heading": "Information requirements for issuers whose debt securities are admitted to trading on a regulated market",
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-18",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/III/section/II"
    },
    {
      "path": "chapter/IV",
      "kind": "chapter",
      "number": "IV",
      "heading": "GENERAL OBLIGATIONS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/19",
      "kind": "article",
      "number": "19",
      "heading": "Home Member State control",
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-19",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV"
    },
    {
      "path": "article/20",
      "kind": "article",
      "number": "20",
      "heading": "Languages",
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-20",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV"
    },
    {
      "path": "article/21",
      "kind": "article",
      "number": "21",
      "heading": "Access to regulated information",
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-21",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV"
    },
    {
      "path": "article/21a",
      "kind": "article",
      "number": "21a",
      "heading": "European electronic access point",
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-21a",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV"
    },
    {
      "path": "article/22",
      "kind": "article",
      "number": "22",
      "heading": "Access to regulated information at Union level",
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-22",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV"
    },
    {
      "path": "article/23",
      "kind": "article",
      "number": "23",
      "heading": "Third countries",
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-23",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/IV"
    },
    {
      "path": "chapter/V",
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      "heading": "COMPETENT AUTHORITIES",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/24",
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      "heading": "Competent authorities and their powers",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/V"
    },
    {
      "path": "article/25",
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      "heading": "Professional secrecy and cooperation between Member States",
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      "status": null,
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    },
    {
      "path": "article/26",
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      "heading": "Precautionary measures",
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      "status": null,
      "parent": "chapter/V"
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    {
      "path": "chapter/VI",
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      "heading": "DELEGATED ACTS AND IMPLEMENTING MEASURES",
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      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "article/27",
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      "heading": "Committee procedure",
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      "status": null,
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      "heading": "Revocation of the delegation",
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      "status": null,
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    {
      "path": "article/27b",
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      "heading": "Objections to delegated acts",
      "url": "https://openlegislation.uk/eu-directive-2004-109/article-27b",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": "chapter/VI"
    },
    {
      "path": "chapter/VIA",
      "kind": "chapter",
      "number": "VIA",
      "heading": "SANCTIONS AND MEASURES",
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      "status": null,
      "parent": null
    },
    {
      "path": "article/28",
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      "heading": "Administrative measures and sanctions",
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      "status": null,
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      "status": null,
      "parent": "chapter/VIA"
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    {
      "path": "article/28b",
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      "number": "28b",
      "heading": "Sanctioning powers",
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    {
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      "heading": "Exercise of sanctioning powers",
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      "heading": "Transposition",
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      "status": null,
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      "path": "article/32",
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      "heading": "Amendments",
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      "status": null,
      "parent": "chapter/VII"
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      "number": "33",
      "heading": "Review",
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      "status": null,
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      "heading": "Addressees",
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      "status": null,
      "parent": "chapter/VII"
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