Art. 48
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.
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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 added to the text: 2025-12-31, 2028-12-31 · dates removed: 2022-07-21
The deadline for the Commission's review report to the European Parliament and Council is moved from 21 July 2022 to 31 December 2028, and the report's required content is reworded to reference the EU Growth issuance prospectus and EU Follow-on prospectus, Articles 14a, 15a and 20, and Annex IX, replacing the prior references to EU Growth and EU Recovery prospectuses and Articles 14, 14a, 15, 23(2a) and 23(3a).
A new paragraph 2a is added requiring the Commission to present, by 31 December 2025, a separate report to the European Parliament and Council analysing prospectus liability issues and possible harmonisation, with potential amendments to Article 11.
New points (g) and (h) are added covering supervisory convergence in scrutiny and approval under Article 20 and the effect of national disclosures under Article 3(2d), while the former points on EU Recovery prospectus costs and duration and on Articles 23(2a) and 23(3a) are removed.
Cited: Art. 48, v1 · Art. 48, v2
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in force 2021-03-18 MODIFIED§
Amended by Regulation (EU) 2021/337 32021R0337
applies from: unchanged
The list of disclosure regimes to be assessed in the report now also references Article 14a alongside Articles 14 and 15, and point (a) refers to the categories in Article 15(1) without specifying that there are four of them.
Five new points, (c) through (g), were added to paragraph 2, requiring the report to also cover the number and market impact of EU Recovery prospectuses, their preparation and approval costs compared with other prospectus types, the balance they strike between investor protection and administrative burden, whether the EU Recovery prospectus regime's duration and threshold should be extended, and whether measures under Articles 23(2a) and 23(3a) achieved their stated aims and should be made permanent.
Cited: Art. 48, v2
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