Directive (EU) 2026/470, Article 2(1)

Who the reporting rules now reach

In shortThe measures reach an undertaking whose balance sheet date figures are above EUR 450 000 000 of turnover and above 1 000 employees on average in the year. The paragraph is reworded so the same two tests decide who is caught, and paragraph 4 lists the bodies the measures do not apply to. The provision binds large undertakings and groups above the two tests, regardless of legal form; the bodies named in paragraph 4 are outside. Read the source: 2013/34/EU, Article 1(3) and 1(4).

What is the requirement, in plain English?

The measures reach an undertaking whose balance sheet date figures are above EUR 450 000 000 of turnover and above 1 000 employees on average in the year. The paragraph is reworded so the same two tests decide who is caught, and paragraph 4 lists the bodies the measures do not apply to.

What evidence does a regulator or an auditor ask for?

The scope note: the balance sheet date figures for net turnover and average headcount, and the legal form and status of each entity in the group.

Which dates matter?

Transposition of Articles 1, 2 and 3: 19 March 2027

The transposition deadline for Articles 1 to 3 of the amending directive is 19 March 2027 (Article 5). For Article 4 it is 26 July 2028, applied from 26 July 2029.

What does it cross-reference?

2013/34/EU Articles 19a, 29a, 29d, 30, 33, 34 and 51

How do I check a draft against this provision?

Paste your draft into the reading. The reading returns, per provision, whether a phrase specific to this requirement appears in your own words, quoted, with the article cited here. Where a line reaches nothing it reads no mapping identified.

Not legal advice; does not certify. Every field on this page carries its own source pointer, and the record is replayed by the pages, the check and the export from one reviewed record.

Read from 2013/34/EU, Article 1(3) and 1(4), as amended by Directive (EU) 2026/470, Article 2(1), saved from EUR-Lex on 2026-10-17.