{
  "url": "https://openlegislation.uk/eu-regulation-2016-1052/article-8",
  "json_url": "https://openlegislation.uk/eu-regulation-2016-1052/article-8.json",
  "legislation": "eur/2016/1052",
  "legislation_title": "Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2016-1052",
  "path": "article/8",
  "kind": "article",
  "number": "8",
  "heading": "Conditions for ancillary stabilisation",
  "text": "Ancillary stabilisation shall be undertaken in accordance with Articles 6 and 7 and comply with the following conditions:\n(a) securities shall be overallotted only during the subscription period and at the offer price;\n(b) a position resulting from the exercise of an overallotment facility by an investment firm or credit institution which is not covered by the greenshoe option shall not exceed 5 % of the original offer;\n(c) the greenshoe option shall be exercised by the beneficiaries of such an option only where the securities have been overallotted;\n(d) the greenshoe option shall not amount to more than 15 % of the original offer;\n(e) the period during which the greenshoe option may be exercised shall be the same as the stabilisation period pursuant to Article 5;\n(f) the exercise of the greenshoe option shall be disclosed to the public promptly, together with all appropriate details, including in particular the date of exercise of the option and the number and nature of securities involved.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2016/1052/article/8",
    "retrieved_at": "2026-11-01T14:45:44.023554+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}