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Directive 2003/71/EC - Prospectus DirectiveRecitalsChapter I General provisions (arts. 1-4)Article 1 Purpose and scopeArticle 2 DefinitionsArticle 3 Obligation to publish a prospectusArticle 4 Exemptions from the obligation to publish a prospectusChapter II Drawing up of the prospectus (arts. 5-12)Article 5 The prospectusArticle 6 Responsibility attaching to the prospectusArticle 7 Minimum informationArticle 8 Omission of informationArticle 9 Validity of a prospectus, base prospectus and registration documentArticle 10 InformationArticle 11 Incorporation by referenceArticle 12 Prospectuses consisting of separate documentsChapter III Arrangements for approval and publication of the prospectus (arts. 13-16)Article 13 Approval of the prospectusArticle 14 Publication of the prospectusArticle 15 AdvertisementsArticle 16 Supplements to the prospectusChapter IV Cross-border offers and admission to trading (arts. 17-18)Article 17 Community scope of approvals of prospectusesArticle 18 NotificationChapter V Use of languages and issuers incorporated in third countries (arts. 19-20)Article 19 Use of languagesArticle 20 Issuers incorporated in third countriesChapter VI Competent authorities (arts. 21-23)Article 21 PowersArticle 22 Professional secrecy and cooperation between authoritiesArticle 23 Precautionary measuresChapter VII Implementing measures (arts. 24-26)Article 24 Committee procedureArticle 24a Exercise of the delegationArticle 24b Revocation of the delegationArticle 24c Objections to delegated actsArticle 25 SanctionsArticle 26 Right of appealChapter VIII Transitional and final provisions (arts. 27-33)Article 27 AmendmentsArticle 28 RepealArticle 29 TranspositionArticle 30 Transitional provisionArticle 31 ReviewArticle 31a Staff and resources of ESMAArticle 32 Entry into forceArticle 33 AddresseesAnnexesAnnex I ProspectusAnnex II Registration documentAnnex III Securities noteAnnex IV Summary noteDone at
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AI Summary of Directive 2003/71/EC - Prospectus Directive

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Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Published date: 31 December 2003

Directive 2003/71/EC - Prospectus Directive

Directive 2003/73/EC of the European Parliament and of the Council of 4 November 2003 on the prospectus to be published when securities are offered to the public or admitted to trading and amending Directive 2001/34/EC (Text with EEA relevance)

Future version Draft proposed change
Recitals
Chapter I General provisions (arts. 1-4)
Article 1 Purpose and scope
Article 2 Definitions
Article 3 Obligation to publish a prospectus
Article 4 Exemptions from the obligation to publish a prospectus
Chapter II Drawing up of the prospectus (arts. 5-12)
Article 5 The prospectus
Article 6 Responsibility attaching to the prospectus
Article 7 Minimum information
Article 8 Omission of information
Article 9 Validity of a prospectus, base prospectus and registration document
Article 10 Information
Article 11 Incorporation by reference
Article 12 Prospectuses consisting of separate documents
Chapter III Arrangements for approval and publication of the prospectus (arts. 13-16)
Article 13 Approval of the prospectus
Article 14 Publication of the prospectus
Article 15 Advertisements
Article 16 Supplements to the prospectus
Chapter IV Cross-border offers and admission to trading (arts. 17-18)
Article 17 Community scope of approvals of prospectuses
Article 18 Notification
Chapter V Use of languages and issuers incorporated in third countries (arts. 19-20)
Article 19 Use of languages
Article 20 Issuers incorporated in third countries
Chapter VI Competent authorities (arts. 21-23)
Article 21 Powers
Article 22 Professional secrecy and cooperation between authorities
Article 23 Precautionary measures
Chapter VII Implementing measures (arts. 24-26)
Article 24 Committee procedure
Article 24a Exercise of the delegation
Article 24b Revocation of the delegation
Article 24c Objections to delegated acts
Article 25 Sanctions
Article 26 Right of appeal
Chapter VIII Transitional and final provisions (arts. 27-33)
Article 27 Amendments
Article 28 Repeal
Article 29 Transposition
Article 30 Transitional provision
Article 31 Review
Article 31a Staff and resources of ESMA
Article 32 Entry into force
Article 33 Addressees
Annexes
Annex I Prospectus
Annex II Registration document
Annex III Securities note
Annex IV Summary note
Done at
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