Proposal for a directive
Article 2 – paragraph 2
The procedures laid down in Chapter III shall apply to all Member States that provide relief of excess withholding tax on dividends paid for publicly traded shares via relief at source system may opt in to apply Chapter III. Member States that do not have such a comprehensive relief at source system shall apply Chapter III. Member States that provide relief of excess withholding tax on interest paid for publicly traded bonds may apply Chapter III.