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Chapter IV · BENEFICIAL OWNERSHIP TRANSPARENCY › Article 65

Exceptions to obligations of legal entities and legal arrangements

Articles 63 and 64 shall not apply to:

(a)

companies whose securities are admitted to trading on a regulated market, provided that:

(i)

control over the company is exercised exclusively by the natural person with the voting rights;

(ii)

no other legal entities or legal arrangements are part of the company’s ownership or control structure; and

(iii)

for foreign legal entities under Article 67, equivalent requirements to those referred to in subpoints (i) and (ii) of this point exist under international standards;

(b)

bodies governed by public law as defined in Article 2(1), point (4), of Directive 2014/24/EU of the European Parliament and of the Council (43).

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