Without prejudice to the second subparagraph of this paragraph and to Article 4, this Regulation shall not apply to an offer of securities to the public with a total consideration in the Union of less than EUR 1000000, which shall be calculated over a period of 12 months.
Gan dochar don dara fomhír den mhír seo agus d’Airteagal 4, ní bheidh feidhm ag an Rialachán seo maidir le tairiscint urrús don phobal ar lú ná EUR 1000000 an chomaoin iomlán ina leith san Aontas, agus a ríomhfar thar thréimhse 12 mhí.