Übersetzung für "Prospektpflicht" in Englisch

It involves an exemption from the need for a prospectus on behalf of the most creditworthy Member States.

Listing on the regulated market is normally subject to the preparation of a prospectus.

It also triggers a prospectus exemption for offers of non-equity securities.

Exemption of Employee Shares Schemes from the obligation to publish a prospectus will save over €18 million.

We have therefore raised the threshold for exemption from the threshold requirements, which ultimately saddle SMEs with red tape and costs, from EUR 2.5 million to EUR 5 million.

This is why we have raised the threshold for exemption from the prospectus requirements for securities denominated in 50 000 to a denomination of 100 000.

We have also made sure that companies listed in a third country, that is, a country outside the European Union, be exempted from the prospectus requirement as well - just like European companies - where they offer their employees shares, on the condition that they are able to prove equivalence with the disclosure requirements.

The prospectus requirement expires either when the offer period has expired or when the trading has begun, whichever is the later date.

Furthermore, it is absolutely vital that the scope of the obligation to publish a prospectus in Europe should be extended so as to achieve greater market transparency, and that is not yet included in the first reading.

Paragraphs 2 to 4 shall apply only to cases where the issuer, the offeror or the person applying for admission to trading is covered by the obligation to draw up a prospectus.

Article 1 of the Proposal consolidates all articles in the current Prospectus Directive that pertain to the scope of the prospectus requirement.

Besides, the prospectus exemption of Article 3(2)(d) of Directive 2003/71/EC for offers of securities with a denomination above EUR 100 000 is removed.

It is therefore appropriate that the requirement to draw up a prospectus under this Regulation should not apply to offers of such small scale.

Therefore it is appropriate to allow Member States to decide to exempt such kinds of offers from the prospectus obligation set out in this Regulation, taking into account the level of domestic investor protection they deem to be appropriate.

It is therefore appropriate to remove the prospectus exemption for offers of non-equity securities whose denomination per unit amounts to at least EUR 100 000 and the lower standard of disclosure granted to prospectuses concerning such non-equity securities, featured originally in Directive 2003/71/EC.

The stakeholders that would face higher compliance costs would be issuers that currently benefit from the prospectus exemption and alleviations for offers of non-equity securities in denominations of EUR 100 000 or more.

Issuers offering non-equity securities solely to qualified investors or requiring a minimum commitment of EUR 100 000 per investor will still benefit from a prospectus exemption.

In the case of share-ownership plans, differences in securities laws and in particular in relation to prospectus requirements can be problematic.

Article 3(2) sets out a number of circumstances in which an offer of securities to the public is exempt from the requirement to publish a prospectus.

In accordance with Council Directive 89/298/EEC there should be an exemption from prospectus requirements for employee share plans.

Those Member States who choose to apply this exemption in their jurisdiction will report so to the Commission and ESMA and indicate the maximum consideration of domestic offers which are exempted from the prospectus in their jurisdiction.

At present it is possible to issue new securities up to 10% of the outstanding issue by value without the need for a prospectus.

The proposed Directive should be amended to exempt a prospectus requirement for new issues or admission to trading of securities of a given existing type by up to 10%.

Non-listed companies and companies listed in markets other than regulated markets in the Community should therefore be exempted from the obligation to produce a prospectus under those circumstances.

In one Member State, an offering to certain categories of professional investors may be exempt from prospectus requirements while in others minimum investment or other conditions may be met before any exemption is available.

At present, a key obstacle to the development of Europe's wholesale capital markets is the differing approaches taken by Member States as to when offerings of securities should be treated as exempt from prospectus requirements.

The scope of the prospectus requirement should cover both equity and non-equity securities offered to the public or admitted to trading on regulated markets in order to ensure investor protection.

The shares were acquired under the section 2.13 [Petroleum, natural gas, and mining properties] of National Instrument 45-106 Prospectus Exemptions of the Canadian Securities Administrators.

The Company is relying on exemptions from the prospectus requirements found in section 2.14 of National Instrument 45-106 and applicable securities laws to issue the shares to Zimtu.