{
  "url": "https://openlegislation.uk/eu-directive-2007-14/article-20",
  "json_url": "https://openlegislation.uk/eu-directive-2007-14/article-20.json",
  "legislation": "eudr/2007/14",
  "legislation_title": "Commission Directive 2007/14/EC of 8 March 2007 laying down detailed rules for the implementation of certain provisions of Directive 2004/109/EC on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market",
  "legislation_url": "https://openlegislation.uk/eu-directive-2007-14",
  "path": "article/20",
  "kind": "article",
  "number": "20",
  "heading": "Requirements equivalent to Article 14 of Directive 2004/109/EC(Article 23(1) of Directive 2004/109/EC)",
  "text": "A third country shall be deemed to set requirements equivalent to those set out in Article 14 of Directive 2004/109/EC where, under the law of that country, an issuer whose registered office is in that third country is required to comply with the following conditions:\n(a) in the case of an issuer allowed to hold up to a maximum of 5 % of its own shares to which voting rights are attached, it must make a notification whenever that threshold is reached or crossed;\n(b) in the case of an issuer allowed to hold up to a maximum of between 5 % and 10 % of its own shares to which voting rights are attached, it must make a notification whenever a 5 % threshold or that maximum threshold is reached or crossed;\n(c) in the case of an issuer allowed to hold more than 10 % of its own shares to which voting rights are attached, it must make a notification whenever the 5 % threshold or the 10 % threshold is reached or crossed.\nFor the purposes of equivalence, notification above the 10 % threshold need not be required.",
  "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/2007/14/article/20",
    "retrieved_at": "2026-11-01T15:22:28.305237+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."
}