Article 65 Exceptions to obligations of legal entities and legal arrangements

Articles 63 and 64 shall not apply to:

  1. (a)
    companies whose securities are admitted to trading on a regulated market, provided that:

    1. (i)
      control over the company is exercised exclusively by the natural person with the voting rights;
    2. (ii)
      no other legal entities or legal arrangements are part of the company’s ownership or control structure; and
    3. (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;

  2. (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.