Search Legislation

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)

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

 Help about UK-EU Regulation

Legislation originating from the EU

When the UK left the EU, legislation.gov.uk published EU legislation that had been published by the EU up to IP completion day (31 December 2020 11.00 p.m.). On legislation.gov.uk, these items of legislation are kept up-to-date with any amendments made by the UK since then.

Changes over time for: Article 36

 Help about opening options

Changes to legislation:

There are outstanding changes by UK legislation 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. Help about Changes to Legislation

Article 36U.K.Criteria for the scrutiny of the completeness of the information contained in the prospectus

1.For the purposes of scrutinising the completeness of the information in a draft prospectus, [F1the competent authority] shall consider all of the following:

(a)whether the draft prospectus is drawn up in accordance with Regulation (EU) 2017/1129 and this Regulation, depending on the type of issuer, the type of issuance, the type of security and the type of offer or admission to trading;

(b)whether the issuer has a complex financial history or has made a significant financial commitment, as referred to in Article 18.

2.For the purposes of point (b) of paragraph 1, [F2the competent authority] may require the issuer to include, modify or remove information from a draft prospectus, taking into account the following:

(a)the type of securities;

(b)the information already included in the prospectus and the existence and content of information already included in a prospectus of the entity other than the issuer, as well as the applicable accounting and auditing principles;

(c)the economic nature of the transactions by which the issuer has acquired, or disposed of, its undertaking or any part of it, and the specific nature of that undertaking;

(d)whether the issuer can obtain with reasonable effort information about the entity other than the issuer.

Back to top

Options/Help