# Commission Delegated Regulation (EU) 2020/1272 of 4 June 2020 amending and correcting Delegated Regulation (EU) 2019/979 supplementing Regulation (EU) 2017/1129 of the European Parliament and of the Council with regard to regulatory technical standards on key financial information in the summary of a prospectus, the publication and classification of prospectuses, advertisements for securities, supplements to a prospectus, and the notification portal (Text with EEA relevance), Article 1: Amendments to Delegated Regulation (EU) 2019/979

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

Delegated Regulation (EU) 2019/979 is amended as follows:
(1) Article 18(1) is amended as follows:
(a) in point (a), points (i) and (ii) are replaced by the following:
(i) ‘an issuer where a prospectus relates to shares or other transferrable securities equivalent to shares;
(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;’;
(b) in point (d), points (i) and (ii) are replaced by the following:
(i) ‘an issuer where a prospectus relates to shares or other transferrable securities equivalent to shares;
(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;’;
(c) point (e) is replaced by the following:
(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 or the result of any takeover bid becomes available in respect of any of the following:
(i) the equity of the issuer where a prospectus relates to shares or other transferrable securities equivalent to shares;
(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;
(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;’;
(d) in point (f), points (i) and (ii) are replaced by the following:
(i) ‘shares or other transferrable securities equivalent to shares;
(ii) securities as referred to in Article 19(2) of Delegated Regulation (EU) 2019/980;’;
(e) point (h) is replaced by the following:
(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) 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) Annex I is amended in accordance with Annex 1 to this Regulation;
(4) Annex VII is amended in accordance with Annex 2 to this Regulation.

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Source: https://www.legislation.gov.uk/eur/2020/1272/article/1 (the official version)
Page: https://openlegislation.uk/eu-regulation-2020-1272/article-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.