Article 59 › 2

In the following cases, only the class of beneficiaries and its characteristics shall be identified: (a) pension schemes within the scope of Directive (EU) 2016/2341; (b) employee financial ownership or participation schemes, provided that Member States, following an appropriate risk assessment, have concluded a low risk of misuse for money laundering or terrorist financing; (c) legal entities similar to express trusts under Article 57, express trusts and similar legal arrangements under Article 58, provided that: (i) the legal entity, the express trust or similar legal arrangement is set up for a non-profit or charitable purpose; and (ii) following an appropriate risk assessment, Member States have concluded that the category of legal entity, express trust or similar legal arrangement is at a low risk of misuse for money laundering or terrorist financing.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04