In order to clarify who is actually a major holder of shares or other financial instruments in the same issuer throughout the Community, parent undertakings should not be required to aggregate their own holdings with those managed by undertakings for collective investment in transferable securities (UCITS) or investment firms, provided that such undertakings or firms exercise voting rights independently from their parent undertakings and fulfil certain further conditions.
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New version applies from 26/11/2013 — introduced by Directive 2013/50/EU.
66 provisions change.
Later versions: 18/03/2021, 05/01/2023, 09/01/2024.
Recital 21 changes in this version: compare with the current text.