Search Legislation

Advanced Search

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

More Resources

Revised version PDFs

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.

Close

This item of legislation originated from the EU

Legislation.gov.uk publishes the UK version. EUR-Lex publishes the EU version. The EU Exit Web Archive holds a snapshot of EUR-Lex’s version from IP completion day (31 December 2020 11.00 p.m.).

Changes to legislation:

Commission Delegated Regulation (EU) 2019/980 is up to date with all changes known to be in force on or before 08 November 2024. There are changes that may be brought into force at a future date. Help about Changes to Legislation

Close

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the affected provisions when you open the content using the Table of Contents below.

View outstanding changes

Changes and effects yet to be applied to :

  • Regulation revoked by 2023 c. 29 Sch. 1 Pt. 1 3
  • Annex 8 Item 10.2.1 word substituted by S.I. 2019/1234 Sch. para. 6(b)(ii) (This amendment not applied to legislation.gov.uk. Sch. para. 6(b) substituted immediately before IP completion day by S.I. 2020/628, regs. 1(3), 17(6)(a))
  • Annex 8 Item 10.2.1 words substituted by S.I. 2019/1234 Sch. para. 6(b)(i) (This amendment not applied to legislation.gov.uk. Sch. para. 6(b) substituted immediately before IP completion day by S.I. 2020/628, regs. 1(3), 17(6)(a))
  • Art. 24(4) omitted by S.I. 2019/1234 reg. 71(4)(a) (This amendment not applied to legislation.gov.uk. Reg. 71(4)(a) omitted immediately before IP completion day by virtue of S.I. 2020/1385, regs. 1(4), 66(2)(b))
  • Art. 24(5) words substituted by S.I. 2019/1234 reg. 71(4)(b) (This amendment not applied to legislation.gov.uk. Reg. 71(4) substituted immediately before IP completion day by S.I. 2020/628, regs. 1(3), 17(5)(a))
  • Art. 25(5) omitted by S.I. 2019/1234 reg. 71(5)(a) (This amendment not applied to legislation.gov.uk. Reg. 71(5)(a) omitted immediately before IP completion day by virtue of S.I. 2020/1385, regs. 1(4), 66(2)(c))
  • Art. 25(6) words substituted by S.I. 2019/1234 reg. 71(5)(b) (This amendment not applied to legislation.gov.uk. Reg. 71(5) substituted immediately before IP completion day by S.I. 2020/628, regs. 1(3), 17(5)(b))
  • Annex 27 Item 3.17 word substituted by S.I. 2019/1234 Sch. para. 22(8) (This amendment not applied to legislation.gov.uk. Sch. para. 22(8) omitted immediately before IP completion day by virtue of S.I. 2020/628, regs. 1(3), 17(6)(d) and S.I. 2020/1385, regs. 1(4), 66(3)(d))

  1. Introductory Text

  2. CHAPTER I DEFINITIONS

    1. Article 1.Definitions

  3. CHAPTER II CONTENT OF THE PROSPECTUS

    1. SECTION 1 Minimum information to be included in the registration documents

      1. Article 2.Registration document for equity securities

      2. Article 3.Universal registration document

      3. Article 4.Registration document for secondary issuances of equity securities

      4. Article 5.Registration document for units of closed-end collective investment undertakings

      5. Article 6.Registration document for depository receipts issued over shares

      6. Article 7.Registration document for retail non-equity securities

      7. Article 8.Registration document for wholesale non-equity securities

      8. Article 9.Registration document for secondary issuances of non-equity securities

      9. Article 10.Registration document for asset-backed securities

      10. Article 11.Registration document for non-equity securities issued by third countries and their regional and local authorities

    2. SECTION 2 Minimum information to be included in the securities notes

      1. Article 12.Securities note for equity securities or units issued by collective investment undertakings of the closed-end type

      2. Article 13.Securities note for secondary issuances of equity securities or of units issued by collective investment undertakings of the closed-end type

      3. Article 14.Securities note for depository receipts issued over shares

      4. Article 15.Securities note for retail non-equity securities

      5. Article 16.Securities note for wholesale non-equity securities

      6. Article 17.Securities note for secondary issuances of non-equity securities

    3. SECTION 3 Additional information to be included in the prospectus

      1. Article 18.Complex financial history and significant financial commitment of issuers of equity securities

      2. Article 19.Securities that are exchangeable for or convertible into shares

      3. Article 20.Securities giving rise to payment or delivery obligations linked to an underlying asset

      4. Article 21.Asset backed securities

      5. Article 22.Guarantees

      6. Article 23.Consent

      7. Article 23a.Historical financial information

  4. CHAPTER III FORMAT OF THE PROSPECTUS

    1. Article 24.Format of a prospectus

    2. Article 25.Format of a base prospectus

    3. Article 26.Information to be included in the base prospectus and the final terms

    4. Article 27.Prospectus summary

  5. CHAPTER IV THE UK GROWTH PROSPECTUS

    1. Article 28.UK Growth registration document for equity securities

    2. Article 29.UK Growth registration document for non-equity securities

    3. Article 30.UK Growth securities note for equity securities

    4. Article 31.UK Growth securities note for non-equity securities

    5. Article 32.Format of the UK Growth prospectus

    6. Article 33.Specific summary for the UK Growth prospectus

    7. Article 34.Supplements to the specific summary for the UK Growth prospectus

  6. CHAPTER V SCRUTINY AND APPROVAL OF THE PROSPECTUS AND REVIEW OF THE UNIVERSAL REGISTRATION DOCUMENT

    1. Article 35.Scope of the scrutiny

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

    3. Article 37.Criteria for the scrutiny of the comprehensibility of the information contained in the prospectus

    4. Article 38.Criteria for the scrutiny of the consistency of the information contained in the prospectus

    5. Article 39.Scrutiny of the information contained in the prospectus of specialist issuers

    6. Article 40.Additional criteria for the scrutiny of the completeness, consistency and comprehensibility of the information contained in the prospectus

    7. Article 41.Proportionate approach in the scrutiny of draft prospectuses and review of the universal registration document

    8. Article 42.Submission of an application for approval of a draft prospectus or filing of a universal registration document or of amendments thereto

    9. Article 43.Changes to a draft prospectus during the approval procedure

    10. Article 44.Submission for approval of the final draft of the prospectus

    11. Article 45.Acknowledgment of the receipt of an application for approval of a draft prospectus, or of the filing of a universal registration document or of an amendment thereto, and processing of an application for approval of a draft prospectus

  7. CHAPTER VI FINAL PROVISIONS

    1. Article 46.Repeal

    2. Article 46a. Prospectuses approved between 21 July 2019 and 16 September 2020

    3. Article 47.Entry into force and application

  8. Signature

    1. LIST OF ANNEXES

      1. PART A REGISTRATION DOCUMENTS

      2. PART B SECURITIES NOTES

      3. PART C ADDITIONAL INFORMATION TO BE INCLUDED IN THE PROSPECTUS

      4. PART D EU GROWTH PROSPECTUS

      5. PART E OTHER CATEGORIES OF INFORMATION

    2. ANNEX 1

    3. ANNEX 2

    4. ANNEX 3

    5. ANNEX 4

    6. ANNEX 5

    7. ANNEX 6

    8. ANNEX 7

    9. ANNEX 8

    10. ANNEX 9

    11. ANNEX 10

    12. ANNEX 11

    13. ANNEX 12

    14. ANNEX 13

    15. ANNEX 14

    16. ANNEX 15

    17. ANNEX 16

    18. ANNEX 17

    19. ANNEX 18

    20. ANNEX 19

    21. ANNEX 20

    22. ANNEX 21

    23. ANNEX 22

    24. ANNEX 23

    25. ANNEX 24

    26. ANNEX 25

    27. ANNEX 26

    28. ANNEX 27

    29. ANNEX 28

      LIST OF ADDITIONAL INFORMATION IN THE FINAL TERMS

      1. Example(s) relating to complex derivative securities to explain how the...

    30. ANNEX 29

      LIST OF SPECIALIST ISSUERS

      1. Property companies; Mineral companies; Investment companies; Scientific research based companies;...

Back to top

Options/Help

Print Options

You have chosen to open the Whole Regulation

The Whole Regulation you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As adopted by EU): The original version of the legislation as it stood when it was first adopted in the EU. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as adopted version that was used for the EU Official Journal
  • lists of changes made by and/or affecting this legislation item
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Timeline of Changes

This timeline shows the different versions taken from EUR-Lex before exit day and during the implementation period as well as any subsequent versions created after the implementation period as a result of changes made by UK legislation.

The dates for the EU versions are taken from the document dates on EUR-Lex and may not always coincide with when the changes came into force for the document.

For any versions created after the implementation period as a result of changes made by UK legislation the date will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. For further information see our guide to revised legislation on Understanding Legislation.

Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as adopted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources

The data on this page is available in the alternative data formats listed: