in force 2026-06-05 MODIFIED+1,175 −0§
Amended by Regulation (EU) 2024/2809 32024R2809
applies from: unchanged
Paragraph 1 now permits a prospectus for an offer or admission sought only in the home Member State to be drawn up either in a language accepted by that Member State's competent authority or in a language customary in the sphere of international finance, at the choice of the issuer, offeror or person seeking admission, whereas previously only a language accepted by that authority was allowed.
Paragraph 1 adds a mechanism allowing a Member State to opt out of this choice and instead require the language accepted by its own competent authority, with notification of that decision to the Commission and ESMA, and requires ESMA to publish a list of languages accepted by each Member State's competent authority for such single-Member-State offers.
Paragraph 1 also now specifies that the summary must be available in the official language, or one of the official languages, of the home Member State or another language accepted by its competent authority, and that this authority shall not require translation of any other part of the prospectus, a rule not present in paragraph 1 before.
Cited: Art. 27, v2 · Art. 27, v1
text before / after
02017R1129-20260305 → 02017R1129-20260605
Article 27 Use of language 1. Where an offer of securities to the public is made or admission to trading on a regulated market is sought only in the home Member State, the prospectus shall be drawn up either in a language accepted by the competent authority of the home Member State or in a language customary in the sphere of international finance, at the choice of the issuer, the offeror or the person asking for admission to trading on a regulated market. By way of derogation from the first subparagraph, a Member State may opt out and require that the prospectus for an offer of securities to the public or an admission to trading on a regulated market which is sought only in that Member State is drawn up in a language accepted by the competent authority of that Member State. In such a case, that Member State shall notify the Commission and ESMA of that decision. ESMA shall publish on its website a list of the languages accepted by the competent authorities of each Member State for an offer of securities to the public or an admission to trading on a regulated market which is sought only in the home Member State. The summary referred to in Article 7 shall be available in the official language of the home Member State, or at least one of its official languages, or in another language accepted by the competent authority of that Member State. That competent authority shall not require the translation of any other part of the prospectus. 2. Where an offer of securities to the public is made or admission to trading on a regulated market is sought in more than one Member State including the home Member State or in one or more Member States excluding … 518 unchanged words … be traded only on a regulated market, or a specific segment thereof, to which only qualified investors can have access for the purposes of trading such securities; or (b) such securities have a denomination per unit of at least EUR 100000.