Source: OJ L, 2024/1624, 19.6.2024

Article 65 Exceptions to obligations of legal entities and legal arrangements

Summary What does Article 65 of the Anti-money laundering regulation (AMLR) say?

This article carves out exemptions from the beneficial ownership registration and information-holding obligations established in Articles 63 and 64.

It identifies two categories of entities that are not required to comply with those rules: certain publicly listed companies and bodies governed by public law.

For listed companies, the exemption is conditional — it only applies where control is held exclusively by natural persons through voting rights, with no other legal entities or legal arrangements in the ownership or control structure.

Important points:

Two categories of entities are exempt from the beneficial ownership obligations in Articles 63 and 64: qualifying listed companies and bodies governed by public law.
The exemption for listed companies is conditional — control must be exercised exclusively by natural persons through voting rights, with no legal entities or legal arrangements forming part of the ownership or control structure.
For foreign legal entities falling under Article 67, equivalent conditions must exist under international standards for the exemption to apply.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

Articles 63 and 64 shall not apply to:

companies whose securities are admitted to trading on a regulated market, provided that:
1. control over the company is exercised exclusively by the natural person with the voting rights;
2. no other legal entities or legal arrangements are part of the company’s ownership or control structure; and
3. 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;
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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