{
  "url": "https://openlegislation.uk/eu-directive-2006-73/article-42",
  "json_url": "https://openlegislation.uk/eu-directive-2006-73/article-42.json",
  "legislation": "eudr/2006/73",
  "legislation_title": "Commission Directive 2006/73/EC of 10 August 2006 implementing Directive 2004/39/EC of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-directive-2006-73",
  "path": "article/42",
  "kind": "article",
  "number": "42",
  "heading": "(Article 19(8) of Directive 2004/39/EC)Additional reporting obligations for portfolio management or contingent liability transactions",
  "text": "Member States shall ensure that where investment firms provide portfolio management transactions for retail clients or operate retail client accounts that include an uncovered open position in a contingent liability transaction, they also report to the retail client any losses exceeding any predetermined threshold, agreed between the firm and the client, no later than the end of the business day in which the threshold is exceeded or, in a case where the threshold is exceeded on a non-business day, the close of the next business day.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudr/2006/73/article/42",
    "retrieved_at": "2026-11-01T15:22:34.243623+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."
}