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Commission Delegated Regulation (EU) 2019/980Show full title
Commission Delegated Regulation (EU) 2019/980 of 14 March 2019 supplementing Regulation (EU) 2017/1129 of the European Parliament and of the Council as regards the format, content, scrutiny and approval of the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Commission Regulation (EC) No 809/2004 (Text with EEA relevance)
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- Revised 17/09/20201.48 MB
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Changes over time for: SECTION 2
Changes to legislation:
There are outstanding changes not yet made to Commission Delegated Regulation (EU) 2019/980. Any changes that have already been made to the legislation appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Chapter II Section 2:
- Regulation power to modify conferred by 2023 c. 29 s. 3 Sch. 1 Pt. 1 3
- Regulation revoked by 2023 c. 29 Sch. 1 Pt. 1 3
- List of Annexes Pt. D word substituted by S.I. 2019/1234 Sch. para. 1
Changes and effects yet to be applied to the whole legislation item and associated provisions
- Signature words omitted by S.I. 2019/1234 reg. 71(17)
- Art. 1(b) substituted by S.I. 2019/1234 reg. 71(2)(a)
- Art. 1(b) words substituted in earlier amending provision S.I. 2019/1234, reg. 71(2)(a) by S.I. 2020/1301 reg. 3 Sch. para. 48(e)(i)
- Art. 1(f)-(i) inserted by S.I. 2019/1234 reg. 71(2)(b)
- Art. 1(i) words substituted in earlier amending provision S.I. 2019/1234, reg. 71(2)(b) by S.I. 2020/1301 reg. 3 Sch. para. 48(e)(ii)
- Art. 23a inserted by S.I. 2019/1234 reg. 71(3)
- Art. 23a words substituted in earlier amending provision S.I. 2019/1234, reg. 71(3) by S.I. 2020/1301 reg. 3 Sch. para. 48(e)(iii)
- Annex 24 s. 1 word substituted by S.I. 2019/1234 Sch. para. 19(2)
- Annex 25 s. 1 word substituted by S.I. 2019/1234 Sch. para. 20(2)
- Annex 26 s. 1 word substituted by S.I. 2019/1234 Sch. para. 21(2)
- Annex 26 para. 1 Table words substituted by S.I. 2022/838 reg. 23
- Annex 27 s. 1 word substituted by S.I. 2019/1234 Sch. para. 22(2)
- Art. 32(1)(d) word substituted by S.I. 2019/1234 reg. 71(7)(b)(ii)
- Art. 42(2)(e)-(g) omitted by S.I. 2019/1234 reg. 71(14)(a)
- Art. 42(2)(h) words substituted by S.I. 2019/1234 reg. 71(14)(b)
SECTION 2 U.K. Minimum information to be included in the securities notes
[F1Article 12 U.K. Securities note for equity securities or units issued by collective investment undertakings of the closed-end type
1. For equity securities or units issued by collective investment undertakings of the closed-end type, the securities note shall contain the information referred to in Annex 11 to this Regulation, unless it is drawn up in accordance with Articles 14 or 15 of Regulation (EU) 2017/1129.
2. By way of derogation from paragraph 1, the securities note for the securities referred to in paragraphs 1 and 2 of Article 19 and paragraphs 1 and 2 of Article 20 of this Regulation, where those securities are not shares or other transferrable securities equivalent to shares, shall be drawn up in accordance with Article 15 of this Regulation for retail securities or Article 16 of this Regulation for wholesale securities.]
Textual Amendments
F1 Substituted by Commission Delegated Regulation (EU) 2020/1273 of 4 June 2020 amending and correcting Delegated Regulation (EU) 2019/980 supplementing Regulation (EU) 2017/1129 of the European Parliament and of the Council as regards the format, content, scrutiny and approval of the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (Text with EEA relevance).
[F1Article 13 U.K. Securities note for secondary issuances of equity securities or of units issued by collective investment undertakings of the closed-end type
1. A specific securities note for equity securities or units issued by collective investment undertakings of the closed-end type that is drawn up in accordance with Article 14 of Regulation (EU) 2017/1129 shall contain the information referred to in Annex 12 to this Regulation.
2. By way of derogation from paragraph 1, the specific securities note for the securities referred to in paragraphs 1 and 2 of Article 19 and paragraphs 1 and 2 of Article 20 of this Regulation, where those securities are not shares or other transferrable securities equivalent to shares, shall be drawn up in accordance with Article 17 of this Regulation.]
Textual Amendments
F1 Substituted by Commission Delegated Regulation (EU) 2020/1273 of 4 June 2020 amending and correcting Delegated Regulation (EU) 2019/980 supplementing Regulation (EU) 2017/1129 of the European Parliament and of the Council as regards the format, content, scrutiny and approval of the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (Text with EEA relevance).
Article 14U.K.Securities note for depository receipts issued over shares
For depository receipts issued over shares, the securities note shall contain the information referred to in Annex 13.
Article 15U.K.Securities note for retail non-equity securities
For non-equity securities other than those referred to in Article 8(2) of this Regulation, the securities note shall contain the information referred to in Annex 14 to this Regulation, unless a specific securities note is drawn up in accordance with Articles 14 or 15 of Regulation (EU) 2017/1129.
Article 16U.K.Securities note for wholesale non-equity securities
For non-equity securities as referred to in Article 8(2) of this Regulation, the securities note shall contain the information referred to in Annex 15 to this Regulation, unless it contains the information referred to in Annex 14 to this Regulation or unless a specific securities note is drawn up in accordance with Articles 14 or 15 of Regulation (EU) 2017/1129.
Article 17U.K.Securities note for secondary issuances of non-equity securities
A specific securities note for non-equity securities that is drawn up in accordance with Article 14 of Regulation (EU) 2017/1129 shall contain the information referred to in Annex 16 to this Regulation.
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