# Directive 2001/34/EC of the European Parliament and of the Council of 28 May 2001 on the admission of securities to official stock exchange listing and on information to be published on those securities, Article 54

Extent: E+W+S+N.I.

1. The debt securities must be freely negotiable.
2. The competent authorities may treat debt securities which are not fully paid up as freely negotiable if arrangements have been made to ensure that the negotiability of these debt securities is not restricted and that dealing is made open and proper by providing the public with all appropriate information.

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Source: https://www.legislation.gov.uk/eudr/2001/34/article/54 (the official version)
Page: https://openlegislation.uk/eu-directive-2001-34/article-54
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.