Art. 20
Prospectus Regulation · 32017R1129 · every event for this act · on EUR-Lex
4 changes recorded across 4 events, newest first.
in force 2026-06-05 MODIFIED±0§
Amended by Regulation (EU) 2024/2809 32024R2809
applies from: unknown
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in force 2026-03-05 MODIFIED§
Amended by Regulation (EU) 2024/2809 32024R2809
applies from: unknown
Sources disagree — the amending act's instructions found this change; the text comparison finds no difference in the provision's text and the EU's own amendment metadata does not list it. All are shown; none is overruled.
No explanation shipped — the structural diff did not see this change, so it carries no text; another signal named the unit and the disagreement ships as `disputed`.
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in force 2024-12-04 MODIFIED§
Amended by Regulation (EU) 2024/2809 32024R2809
applies from: unknown (the text changed beyond its dates, so no date that moved can be read as the application date)
dates removed: 2019-01-21
Paragraph 2 now adds a duty for the competent authority to notify the issuer, offeror or person seeking admission and ESMA of the reasons for failing to meet the decision deadline, plus new requirements for Member States to ensure appropriate measures address such failures and for ESMA to publish a yearly aggregate compliance report, and it extends the cross-referenced time limits to include paragraph 6a.
Paragraph 6a is reworded to apply the seven-working-day reduced time limit to an EU Follow-on prospectus subject to the maximum length under Article 14a(5) and (6) rather than to an EU Recovery prospectus, and it adds a new sentence excluding EU Follow-on prospectuses drawn up by issuers referred to in Article 14a(1), point (c), from that reduced time limit.
Paragraph 11 changes the Commission's delegated-act power from a fixed deadline of 21 January 2019 to an open-ended power exercised after consulting ESMA, and it adds new points (a), (b) and (c) covering additional scrutiny criteria, additional information requirements referencing Articles 6, 13, 14a and 15a, and a maximum overall scrutiny timeframe, together with new subparagraphs on how that timeframe is determined and on the consequence of a competent authority failing to decide within it.
Cited: Art. 20, v2 · Art. 20, v1
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in force 2021-03-18 MODIFIED§
Amended by Regulation (EU) 2021/337 32021R0337
applies from: unchanged
A new paragraph 6a was added, setting a time limit of seven working days, by way of derogation from paragraphs 2 and 4, for the scrutiny and approval of an EU Recovery prospectus.
The new paragraph also states that the issuer must inform the competent authority at least five working days before the date envisaged for submitting an application for approval, similar to the notice requirement already present for frequent issuers in paragraph 6.
Cited: Art. 20, v2 · Art. 20, v1
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