Version · Prospectus Regulation
Version in force
Made by Regulation (EU) 2020/1503 32020R1503 on EUR-Lex (external, EUR-Lex)
Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business, and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937 (Text with EEA relevance)
Version 3 of 7 recorded for Prospectus Regulation.
First seen by emendrix on , when it first read this version; that is not a legal date.
1 change in this version
Consolidated versions 02017R1129-20210318 → 02017R1129-20211110. v1 is the previous version, v2 this one.
What changed
Art. 1 Subject matter, scope and exemptions, Modified§
dates added to the text: 2020-10-07
Explanation, written by a model and checked against the cited text
Article 1(4) gains a new point (k) exempting an offer of securities to the public made by a crowdfunding service provider authorised under Regulation (EU) 2020/1503, provided the offer does not exceed the threshold set in point (c) of Article 1(2) of that Regulation.
In the earlier version, Article 1(4) had no such crowdfunding-related exemption, and the point that had been labelled (k) in the later version was instead numbered differently, with the list proceeding from point (j) directly to point (l).
Cited: Art. 1, v2 (external, EUR-Lex) · Art. 1, v1 (external, EUR-Lex)
v1 is the previous version, v2 this one.
Text from EUR-Lex, before and after
Previous version, in force 18 March 2021 02017R1129-20210318 → this version, in force 10 November 2021 02017R1129-20211110
Article 1 Subject matter, scope and exemptions 1. This Regulation lays down requirements for the drawing up, approval and distribution of the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market situated … 630 unchanged words … calculated over a period of 12 months, provided that those securities: (i) are not subordinated, convertible or exchangeable; and (ii) do not give a right to subscribe for or acquire other types of securities and are not linked to a derivative instrument; (k) an offer of securities to the public from a crowdfunding service provider authorised under Regulation (EU) 2020/1503 of the European Parliament and of the Council Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937 (OJ L 347, 20.10.2020, p. 1)., provided that it does not exceed the threshold laid down in point (c) of Article 1(2) of that Regulation; (l) from 18 March 2021 to 31 December 2022, non-equity securities issued in a continuous or repeated manner by a credit institution, where the total aggregated consideration in the Union for the securities offered is less than EUR 150000000 per … 1,760 unchanged words … Article 44 supplementing this Regulation by setting out the minimum information content of the documents referred to in points (f) and (g) of paragraph 4 and points (e) and (f) of the first subparagraph of paragraph 5 of this Article.
The full entry is committed at eu/32017R1129/CHANGELOG.md.