Member States shall not extend the obligation to draw up a prospectus in accordance with this Regulation to offers of securities to the public referred to in the first subparagraph of this paragraph.
Ní dhéanfaidh na Ballstáit an oibleagáid chun réamheolaire a tharraingt suas i gcomhréir leis an Rialachán seo a leathnú chuig tairiscintí urrús don phobal dá dtagraítear sa chéad fhomhír den mhír seo.