On 6 November 2013, the text of Directive 2013/50/EU of the European Parliament and of the Council of 22 October 2013 amending the Transparency Directive (2004/109/EC) was published in the Official Journal. Other than the insertion of dates, the text of the directive is the same as that published by the Council of the EU on 17 October 2013. The amending directive will enter into force on 26 November 2013. Member states will be required to adopt the necessary measures to transpose the amending directive into national law within two years of its entry into force. In an investment funds context, the Transparency Directive impacts only listed closed ended funds.