Regulatory Alerts2020-06-04
Added · Updated
Commission Delegated Regulation (EU) 2020/1272 amending and correcting Delegated Regulation (EU) 2019/979
The European Commission amends Delegated Regulation (EU) 2019/979 by removing issuers of securities convertible or exchangeable into third-party shares from the list of entities required to publish prospectus supplements under Article 18. It inserts a new column for cash flow information from two years prior into Table 3 of Annex I for non-financial entities issuing equity securities and corrects the reference code for depository receipts in Annex VII from 'DRCP' to 'DPRS'. Additionally, the Commission corrects a linguistic omission in Article 21 regarding the ESMA notification portal and validates prospectus summaries approved between 21 July 2019 and 16 September 2020. These specific amendments apply retroactively from 21 July 2019, while the regulation enters into force on the third day following its publication.