REGULATION (EU) 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
(Text with EEA relevance)
CHAPTER I
GENERAL PROVISIONS
Article 1
Subject matter, scope and exemptions
Article 2
Definitions
Article 3
Obligation to publish a prospectus and exemption
Article 4
Voluntary prospectus
Article 5
Subsequent resale of securities
CHAPTER II
DRAWING UP OF THE PROSPECTUS
Article 6
The prospectus
Article 7
The prospectus summary
Article 8
The base prospectus
Article 9
The universal registration document
Article 10
Prospectuses consisting of separate documents
Article 11
Responsibility attaching to the prospectus
Article 12
Validity of a prospectus, registration document and universal registration document
CHAPTER III
THE CONTENT AND FORMAT OF THE PROSPECTUS
Article 13
Minimum information and format
Article 14
Simplified disclosure regime for secondary issuances
Article 15
EU Growth prospectus
Article 16
Risk factors
Article 17
Final offer price and amount of securities
Article 18
Omission of information
Article 19
Incorporation by reference
CHAPTER IV
ARRANGEMENTS FOR APPROVAL AND PUBLICATION OF THE PROSPECTUS
Article 20
Scrutiny and approval of the prospectus
Article 21
Publication of the prospectus
Article 22
Advertisements
Article 23
Supplements to the prospectus
CHAPTER V
CROSS-BORDER OFFERS AND ADMISSIONS TO TRADING ON A REGULATED MARKET AND USE OF LANGUAGES
Article 24
Union scope of approvals of prospectuses
Article 25
Notification of prospectuses and supplements and communication of final terms
Article 26
Notification of registration documents or universal registration documents
Article 27
Use of language
CHAPTER VI
SPECIFIC RULES IN RELATION TO ISSUERS ESTABLISHED IN THIRD COUNTRIES
Article 28
Offer of securities to the public or admission to trading on a regulated market made under a prospectus drawn up in accordance with this Regulation
Article 29
Offer of securities to the public or admission to trading on a regulated market made under a prospectus drawn up in accordance with the laws of a third country
Article 30
Cooperation with third countries
CHAPTER VII
ESMA AND COMPETENT AUTHORITIES
Article 31
Competent authorities
Article 32
Powers of competent authorities
Article 33
Cooperation between competent authorities
Article 34
Cooperation with ESMA
Article 35
Professional secrecy
Article 36
Data protection
Article 37
Precautionary measures
CHAPTER VIII
ADMINISTRATIVE SANCTIONS AND OTHER ADMINISTRATIVE MEASURES
Article 38
Administrative sanctions and other administrative measures
Article 39
Exercise of supervisory powers and powers to impose sanctions
Article 40
Right of appeal
Article 41
Reporting of infringements
Article 42
Publication of decisions
Article 43
Reporting sanctions to ESMA
CHAPTER IX
DELEGATED AND IMPLEMENTING ACTS
Article 44
Exercise of the delegation
Article 45
Committee procedure
CHAPTER X
FINAL PROVISIONS
Article 46
Repeal
Article 47
ESMA report on prospectuses
Article 48
Review
Article 49
Entry into force and application
ANNEX I
PROSPECTUS
ANNEX II
REGISTRATION DOCUMENT
ANNEX III
SECURITIES NOTE
ANNEX IV
REGISTRATION DOCUMENT FOR THE EU GROWTH PROSPECTUS
ANNEX V
SECURITIES NOTE FOR THE EU GROWH PROSPECTUS
ANNEX VI
Directive 2003/71/EC |
This Regulation |
Article 1(1) |
Article 1(1) |
Article 1(2)(a) |
Article 1(2)(a) |
Article 1(2)(b) |
Article 1(2)(b) |
Article 1(2)(c) |
Article 1(2)(c) |
Article 1(2)(d) |
Article 1(2)(d) |
Article 1(2)(e) |
Article 1(2)(e) |
Article 1(2)(f) |
— |
Article 1(2)(g) |
Article 1(2)(f) |
Article 1(2)(h) |
Article 1(3) |
Article 1(2)(i) |
— |
Article 1(2)(j) |
Article 1(4)(j) and Article 1(5), first subparagraph, point (i) |
Article 1(3) |
Article 4 |
Article 1(4) |
— |
Article 2(1)(a) |
Article 2(a) |
Article 2(1)(b) |
Article 2(b) |
Article 2(1)(c) |
Article 2(c) |
Article 2(1)(d) |
Article 2(d) |
Article 2(1)(e) |
Article 2(e) |
Article 2(1)(f) |
Article 2(f) |
Article 2(1)(g) |
Article 2(g) |
Article 2(1)(h) |
Article 2(h) |
Article 2(1)(i) |
Article 2(i) |
Article 2(1)(j) |
Article 2(j) |
Article 2(1)(k) |
— |
Article 2(1)(l) |
— |
Article 2(1)(m) |
Article 2(m) |
Article 2(1)(n) |
Article 2(n) |
Article 2(1)(o) |
Article 2(p) |
Article 2(1)(p) |
Article 2(q) |
Article 2(1)(q) |
Article 2(r) |
Article 2(1)(r) |
Article 2(s) |
Article 2(1)(s) |
— |
Article 2(1)(t) |
— |
Article 2(4) |
— |
Article 3(1) |
Article 3(1) |
Article 3(2)(a) |
Article 1(4)(a) |
Article 3(2)(b) |
Article 1(4)(b) |
Article 3(2)(c) |
Article 1(4)(d) |
Article 3(2)(d) |
Article 1(4)(c) |
Article 3(2)(e) |
— |
Article 3(2), second and third subparagraphs |
Article 5(1) |
Article 3(3) |
Article 3(3) |
Article 3(4) |
— |
Article 4(1)(a) |
Article 1(4)(e) |
Article 4(1)(b) |
Article 1(4)(f) |
Article 4(1)(c) |
Article 1(4)(g) |
Article 4(1)(d) |
Article 1(4)(h) |
Article 4(1)(e) |
Article 1(4)(i) |
Article 4(1), second to fifth subparagraphs |
— |
Article 4(2)(a) |
Article 1(5), first subparagraph, point (a) |
Article 4(2)(b) |
Article 1(5), first subparagraph, point (d) |
Article 4(2)(c) |
Article 1(5), first subparagraph, point (e) |
Article 4(2)(d) |
Article 1(5), first subparagraph, point (f) |
Article 4(2)(e) |
Article 1(5), first subparagraph, point (g) |
Article 4(2)(f) |
Article 1(5), first subparagraph, point (h) |
Article 4(2)(g) |
Article 1(5), first subparagraph, points (b) and (c) |
Article 4(2)(h) |
Article 1(5), first subparagraph, point (j) |
Article 4(3) |
Article 1(7) |
Article 5(1) |
Article 6(1) and (2), Article 14(2) |
Article 5(2) |
Article 7 |
Article 5(3) |
Article 6(3) |
Article 5(4), first subparagraph |
Article 8(1) |
Article 5(4), second subparagraph |
Article 8(10) |
Article 5(4), third subparagraph, first sentence |
Article 8(5) and Article 25(4) |
Article 5(4), third subparagraph, second sentence |
Article 8(4) |
Article 5(5) |
Article 13(1) and Article 7(13) |
Article 6(1) |
Article 11(1) |
Article 6(2) |
Article 11(2) |
Article 7(1) |
Article 13(1), first subparagraph |
Article 7(2)(a) |
Article 13(1), second subparagraph, point (a) |
Article 7(2)(b) |
Article 13(1), second subparagraph, point (b) |
Article 7(2)(c) |
Article 13(1), second subparagraph, point (c) |
Article 7(2)(d) |
Article 13(1), second subparagraph, point (c) |
Article 7(2)(e) |
Article 15(2) |
Article 7(2)(f) |
Article 13(1), second subparagraph, point (d) |
Article 7(2)(g) |
Article 14(3) |
Article 7(3) |
Article 13(3) |
Article 7(4) |
— |
Article 8(1), first subparagraph, point (a) |
Article 17(1), first subparagraph, point (b) |
Article 8(1), first subparagraph, point (b) |
Article 17(1), first subparagraph, point (a) |
Article 8(1), second subparagraph |
Article 17(2) |
Article 8(2) |
Article 18(1) |
Article 8(3) |
Article 18(2) |
Article 8(3a) |
Article 18(3) |
Article 8(4) |
Article 18(4), first subparagraph |
Article 8(5), first subparagraph |
— |
Article 8(5), second subparagraph |
— |
Article 9(1) |
Article 12(1) |
Article 9(2) |
Article 12(1) |
Article 9(3) |
Article 12(1) |
Article 9(4) |
Article 12(2) |
Article 11(1) |
Article 19(1) |
Article 11(2) |
Article 19(2) |
Article 11(3) |
Article 19(4) |
Article 12(1) |
Article 10(1), first subparagraph |
Article 12(2) |
Article 10(1), second subparagraph |
Article 12(3) |
— |
Article 13(1) |
Article 20(1) |
Article 13(2) |
Article 20(2) |
Article 13(3) |
Article 20(3) |
Article 13(4) |
Article 20(4) |
Article 13(5) |
Article 20(8) |
Article 13(6) |
Article 20(9) |
Article 13(7) |
— |
Article 14(1) |
Article 21(1) |
Article 14(2) |
Article 21(2) |
Article 14(3) |
— |
Article 14(4) |
Article 21(5) |
Article 14(4a) |
Article 21(6) |
Article 14(5) |
Article 21(9) |
Article 14(6) |
Article 21(10) |
Article 14(7) |
Article 21(11) |
Article 14(8) |
Article 21(12) |
Article 15(1) |
Article 22(1) |
Article 15(2) |
Article 22(2) |
Article 15(3) |
Article 22(3) |
Article 15(4) |
Article 22(4) |
Article 15(5) |
Article 22(5) |
Article 15(6) |
Article 22(6) |
Article 15(7) |
Article 22(9) |
Article 16(1) |
Article 23(1) |
Article 16(2) |
Article 23(2) |
Article 16(3) |
Article 23(7) |
Article 17(1) |
Article 24(1) |
Article 17(2) |
Article 24(2) |
Article 18(1) |
Article 25(1) |
Article 18(2) |
Article 25(2) |
Article 18(3), first subparagraph |
Article 25(3) |
Article 18(3), second subparagraph |
Article 21(5) |
Article 18(4) |
Article 25(8) |
Article 19(1) |
Article 27(1) |
Article 19(2) |
Article 27(2) |
Article 19(3) |
Article 27(3) |
Article 19(4) |
Article 27(5) |
Article 20(1) |
Article 29(1) |
Article 20(2) |
Article 29(2) |
Article 20(3) |
Article 29(3) |
Article 21(1) |
Article 31(1) |
Article 21(1a) |
Article 34(1) |
Article 21(1b) |
Article 34(2) |
Article 21(2) |
Article 31(2) |
Article 21(3)(a) |
Article 32(1)(a) |
Article 21(3)(b) |
Article 32(1)(b) |
Article 21(3)(c) |
Article 32(1)(c) |
Article 21(3)(d) |
Article 32(1)(d) |
Article 21(3)(e) |
Article 32(1)(e) |
Article 21(3)(f) |
Article 32(1)(f) |
Article 21(3)(g) |
Article 32(1)(g) |
Article 21(3)(h) |
Article 32(1)(h) |
Article 21(3)(i) |
Article 32(1)(i) |
Article 21(3), second subparagraph |
Article 32(1), second subparagraph |
Article 21(4)(a) |
Article 32(1)(l) |
Article 21(4)(b) |
Article 32(1)(m) |
Article 21(4)(c) |
— |
Article 21(4)(d) |
Article 32(1)(n) |
Article 21(4), second subparagraph |
Article 32(1), fourth subparagraph |
Article 21(5) |
Article 31(3) and Article 32(6) |
Article 22(1) |
Article 35(2) |
Article 22(2), first subparagraph |
Article 33(1) |
Article 22(2), second subparagraph |
— |
Article 22(2), third subparagraph |
Article 33(5) |
Article 22(3) |
— |
Article 22(4) |
Article 33(6) and (7) |
Article 23(1) |
Article 37(1) |
Article 23(2) |
Article 37(2) |
Article 24(1) |
Article 45(1) |
Article 24(2) |
Article 45(2) |
Article 24(2a) |
— |
Article 24(3) |
— |
Article 24a |
Article 44 |
Article 24b |
Article 44 |
Article 24c |
Article 44 |
Article 25(1) |
Article 38(1) |
Article 25(2) |
Article 42 |
Article 26 |
Article 40 |
Article 27 |
— |
Article 28 |
Article 46 |
Article 29 |
— |
Article 30 |
— |
Article 31 |
Article 48 |
Article 31a |
— |
Article 32 |
Article 49 |
Article 33 |
— |