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 (Prospectus Regulation)
03/2017 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 (Prospectus Regulation)
On 30 June 2017, the 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 (Prospectus Regulation) has been published in the official Journal of the European Union. It is directly applicable and has precedence over the Wertpapierprospektgesetz (WpPG, German Securities Prospectus Act).
We would particularly like to draw your attention to the revision of the exemptions regarding the obligation to publish a prospectus set out in Article 1, paragraph 5, letter a, b and c of the Prospectus Regulation. This regulation shall apply from 20 July 2017 (Article 49, paragraph 2, Prospectus Regulation). With regards to securities admitted to trading on the regulated market without the obligation to publish the prospectus and compared to the former regulations in the German Securities Prospectus Act (WpPG), significant changes have been made.