Amendments of the Equivalence Determinations for Financial Services and Miscellaneous Provisions (Amendment etc) (EU Exit) Regulations 2019U.K.
27.—(1) The Equivalence Determinations for Financial Services and Miscellaneous Provisions (Amendment etc) (EU Exit) Regulations 2019 M1 are amended as follows.
(2) In Schedule 1 (equivalence determinations), in paragraph 9—
(a)in the heading, for “Prospectus Directive” substitute “ Prospectus Regulation ”;
(b)in sub-paragraph (1), for the words from “the law of the United Kingdom” to the end substitute “ Regulation (EU) No 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (“the Prospectus Regulation”) ”;
(c)for sub-paragraph (3)(b), substitute—
“(b)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,”;
(d)omit sub-paragraphs (5) and (6);
(e)after sub-paragraph (7) insert—
“(8) For the purpose of Article 29(3) of the Prospectus Regulation, to determine that the information requirements imposed by the national law of a third country are equivalent to the requirements under the Prospectus Regulation.”.
Commencement Information
I1Reg. 27 in force at 6.9.2019, see reg. 1(2)
Marginal Citations