Article 65 — Exceptions to obligations of legal entities and legal arrangements

Financial crimeLevel 1RegulationAMLRIn forceOfficial source

Articles 63 and 64 shall not apply to:

65(a)

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

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65(a)(i)

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

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65(a)(ii)

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

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65(a)(iii)

(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;

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65(b)

(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.

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