Search Legislation

Advanced Search

Directive 2004/109/EC of the European Parliament and of the CouncilShow full 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

Help about what version

What Version

Help about opening options

Opening Options

More Resources

Revised version PDFs

Close

This is a legislation item that originated from the EU

After exit day there will be three versions of this legislation to consult for different purposes. The legislation.gov.uk version is the version that applies in the UK. The EU Version currently on EUR-lex is the version that currently applies in the EU i.e you may need this if you operate a business in the EU.

The web archive version is the official version of this legislation item as it stood on exit day before being published to legislation.gov.uk and any subsequent UK changes and effects applied. The web archive also captured associated case law and other language formats from EUR-Lex.

Status:

EU Directives are being published on this site to aid cross referencing from UK legislation. After IP completion day (31 December 2020 11pm) no further amendments will be applied to this version.

  1. Introductory Text

  2. CHAPTER I GENERAL PROVISIONS

    1. Article 1.Subject matter and scope

    2. Article 2.Definitions

    3. Article 3.Integration of securities markets

  3. CHAPTER II PERIODIC INFORMATION

    1. Article 4.Annual financial reports

    2. Article 5.Half-yearly financial reports

    3. Article 6. Report on payments to governments

    4. Article 7.Responsibility and liability

    5. Article 8.Exemptions

  4. CHAPTER III ONGOING INFORMATION

    1. SECTION I Information about major holdings

      1. Article 9.Notification of the acquisition or disposal of major holdings

      2. Article 10.Acquisition or disposal of major proportions of voting rights

      3. Article 11.(1) Articles 9 and 10(c) shall not apply to shares provided to...

      4. Article 12.Procedures on the notification and disclosure of major holdings

      5. Article 13.(1) The notification requirements laid down in Article 9 shall...

      6. Article 13a. Aggregation

      7. Article 14.(1) Where an issuer of shares admitted to trading on...

      8. Article 15.For the purpose of calculating the thresholds provided for in...

      9. Article 16.Additional information

    2. SECTION II Information for holders of securities admitted to trading on a regulated market

      1. Article 17.Information requirements for issuers whose shares are admitted to trading on a regulated market

      2. Article 18.Information requirements for issuers whose debt securities are admitted to trading on a regulated market

  5. CHAPTER IV GENERAL OBLIGATIONS

    1. Article 19.Home Member State control

    2. Article 20.Languages

    3. Article 21.Access to regulated information

    4. Article 21a. European electronic access point

    5. Article 22. Access to regulated information at Union level

    6. Article 23.Third countries

  6. CHAPTER V COMPETENT AUTHORITIES

    1. Article 24.Competent authorities and their powers

    2. Article 25.Professional secrecy and cooperation between Member States

    3. Article 26. Precautionary measures

  7. CHAPTER VI DELEGATED ACTS AND IMPLEMENTING MEASURES

    1. Article 27.Committee procedure

    2. Article 27a. Revocation of the delegation

    3. Article 27b. Objections to delegated acts

  8. CHAPTER VIA SANCTIONS AND MEASURES

    1. Article 28. Administrative measures and sanctions

    2. Article 28a. Breaches

    3. Article 28b. Sanctioning powers

    4. Article 28c. Exercise of sanctioning powers

  9. CHAPTER VIB PUBLICATION OF DECISIONS

    1. Article 29. Publication of decisions

  10. CHAPTER VII TRANSITIONAL AND FINAL PROVISIONS

    1. Article 30.Transitional provisions

    2. Article 31.Transposition

    3. Article 32.Amendments

    4. Article 33.Review

    5. Article 34.Entry into force

    6. Article 35.Addressees

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As adopted by EU): The original version of the legislation as it stood when it was first adopted in the EU. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as adopted version that was used for the EU Official Journal
  • lists of changes made by and/or affecting this legislation item
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Timeline of Changes

This timeline shows the different versions taken from EUR-Lex before exit day and during the implementation period as well as any subsequent versions created after the implementation period as a result of changes made by UK legislation.

The dates for the EU versions are taken from the document dates on EUR-Lex and may not always coincide with when the changes came into force for the document.

For any versions created after the implementation period as a result of changes made by UK legislation the date will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. For further information see our guide to revised legislation on Understanding Legislation.

Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as adopted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources