Article 1 Amendments to Delegated Regulation (EU) 2019/979

Delegated Regulation (EU) 2019/979 is amended as follows:

1. (1)

   Article 18(1) is amended as follows:

   1. (a)

      in point (a), points (i) and (ii) are replaced by the following:

      1. (i)

         ‘an issuer where a prospectus relates to shares or other transferrable securities equivalent to shares;

      2. (ii)

         an issuer of the underlying shares or other transferable securities equivalent to shares in case of securities referred to in Articles 19(2) or 20(2) of Delegated Regulation (EU) 2019/980;’;

   2. (b)

      in point (d), points (i) and (ii) are replaced by the following:

      1. (i)

         ‘an issuer where a prospectus relates to shares or other transferrable securities equivalent to shares;

      2. (ii)

         an issuer of the underlying shares or other transferable securities equivalent to shares where a prospectus relates to securities referred to in Articles 19(2) or 20(2) of Delegated Regulation (EU) 2019/980;’;

   3. (c)

      point (e) is replaced by the following:

      1. (e)

         ‘third parties make a new takeover bid as defined in Article 2(1)(a) of Directive 2004/25/EC of the European Parliament and of the Council^f1 or the result of any takeover bid becomes available in respect of any of the following:

         1. (i)

            the equity of the issuer where a prospectus relates to shares or other transferrable securities equivalent to shares;

         2. (ii)

            the equity of the issuer of the underlying shares or other transferable securities equivalent to shares where a prospectus relates to the securities referred to in Articles 19(2) or 20(2) of Delegated Regulation (EU) 2019/980;

         3. (iii)

            the equity of the issuer of the underlying shares of depository receipts where a prospectus is drawn up in accordance with Articles 6 and 14 of Delegated Regulation (EC) 2019/980;’;

   4. (d)

      in point (f), points (i) and (ii) are replaced by the following:

      1. (i)

         ‘shares or other transferrable securities equivalent to shares;

      2. (ii)

         securities as referred to in Article 19(2) of Delegated Regulation (EU) 2019/980;’;

   5. (e)

      point (h) is replaced by the following:

      1. (h)

         ‘in the case of a prospectus relating to shares or other transferrable securities equivalent to shares or to the securities referred to in Articles 19(2) or 20(2) of Delegated Regulation (EU) 2019/980, a new significant financial commitment is likely to give rise to a significant gross change as defined in Article 1, point (e), of that Delegated Regulation;’;

2. (2)

   the following Article 22a is inserted:

   ‘Summaries of prospectuses approved between 21 July 2019 and 16 September 2020 for non-financial entities issuing equity securities

   Article 22a

   Summaries of prospectuses that contain information as referred to in Table 3 of Annex I and that have been approved between 21 July 2019 and 16 September 2020 shall continue to be valid until the end of the validity of those prospectuses.’;

3. (3)

   Annex I is amended in accordance with Annex 1 to this Regulation;

4. (4)

   Annex VII is amended in accordance with Annex 2 to this Regulation.