6 Amendments of Burkhard BALZ related to 2009/0132(COD)
Amendment 87 #
Proposal for a directive – amending act
Recital 15
Recital 15
(15) In order to clarify whether the requirement to publish a supplement to the prospectus ends with the start of trading of the securities on a regulated market irrespective of whether the offering period has closed, the obligation to supplement a prospectus should be terminated at the final closing of the offering period or the time when trading of such securities on a regulated market begins, whichever occurs earlier. The requirement to supplement the prospectus should cease once the transparency obligations laid down in Directives 2004/109/EC and 2003/6/EC apply.
Amendment 113 #
Proposal for a directive – amending act
Article 1 – point 3 – point a a (new)
Article 1 – point 3 – point a a (new)
Directive 2003/71/EC
Article 3 – paragraph 2 – point e a (new)
Article 3 – paragraph 2 – point e a (new)
(aa) In paragraph 2, the following point is added after point (e): "(ea) an offer of securities after publication of a prospectus relating to such securities of this issuer already admitted to trading on a regulated market."
Amendment 114 #
Proposal for a directive – amending act
Article 1 – point 3 – point b
Article 1 – point 3 – point b
Directive 2003/71/EC
Article 3 – paragraph 2
Article 3 – paragraph 2
Amendment 129 #
Proposal for a directive – amending act
Article 1 – point 5
Article 1 – point 5
Directive 2003/71/EC
Article 5 – paragraph 2 – subparagraph 1 – introductory part
Article 5 – paragraph 2 – subparagraph 1 – introductory part
2. The prospectus shall contain information concerning the issuer and the securities to be offered to the public or to be admitted to trading on a regulated market. ItThe prospectus shall also include a summary. The summarykey information document. The key information document shall, in a brief manner and in non-technical language, convey the essential characteristics and risks associated with the issuer, any guarantor and the securities,. It shall be in a common format and in the language in which the prospectus was originally drawn up. The format and content of the summarykey information document of the prospectus shall provide keyappropriate information in order to enable investors to take informed investment decisions and to compare the secuabout the essential characteristics of the securities concerned. The key information document shall include information on the following essential elements in respect of the securities concerned: (a) essential information on the issuer, if applicable, the guarantor, and the securities to be offered to the public or to be admitted to trading on a regulated market; and (b) a short descripties with oon of the risks associated with and essential characteristics of ther investment products. The summaryin the relevant security. The key information document shall also contain a warning that:
Amendment 153 #
Proposal for a directive – amending act
Article 1 – point 12 b (new)
Article 1 – point 12 b (new)
Directive 2003/71/EC
Article 14 – paragraph 2 – point c
Article 14 – paragraph 2 – point c
Amendment 163 #
Proposal for a directive – amending act
Article 1 – point 14
Article 1 – point 14
Directive 2003/71/EC
Article 16 – paragraph 2
Article 16 – paragraph 2
2. Investors who have already agreed to purchase or subscribe for the securities before the supplement is published shall have the right, exercisable within two working days after the publication of the supplement, to withdraw their acceptances in the event of adverse developments, provided that settlement has not yet taken place. This period may be extended by the issuer, the offeror or the person asking for the admission to trading on a regulated market.