direct ec european parliament council admiss secur offici stock exchang list inform publish secur tabl content gt tabl gt european parliament council european union regard treati establish european econom commun articl thereof regard propos commiss regard opinion econom social committe act accord procedur laid articl treati council direct eec march coordin condit admiss secur offici stock exchang list council direct eec march coordin requir draw scrutini distribut list particular publish admiss secur offici stock exchang list council direct eec februari inform publish regular basi compani share admit offici stock exchang list council direct eec decemb inform publish major hold list compani acquir dispos substanti amend time interest clariti ration direct codifi group singl text coordin condit admiss secur offici list stock exchang situat oper member state provid equival protect investor commun level uniform guarante offer investor member state facilit admiss offici stock exchang list state secur member state list secur number stock exchang commun make greater interpenetr nation secur market remov obstacl prudent remov contribut prospect establish european capit market coordin appli secur independ legal statu issuer appli secur issu member state region local author intern public bodi direct cover entiti cover paragraph articl treati possibl appli court decis compet nation author respect applic direct admiss secur offici list appli allow restrict discret author initi coordin condit admiss secur offici list suffici flexibl enabl account present differ structur secur market member state enabl member state account specif situat confront reason coordin limit establish minimum condit admiss secur offici list stock exchang situat oper member state give issuer list partial coordin condit admiss offici list constitut step subsequ closer align rule member state field market undertak oper enlarg embrac commun enlarg involv increas financi requir extens capit market call satisfi admiss offici list stock exchang member state secur issu undertak constitut import mean access capit market exchang restrict purchas secur trade stock exchang member state elimin part liberalis capit movement safeguard protect interest actual potenti investor requir member state undertak offer secur public time offer admiss offici stock exchang list safeguard requir provis inform suffici object financi circumst issuer particular secur admiss offici list request form inform requir consist public list particular safeguard requir differ member state member state content layout list particular efficaci method time check inform effect differ make difficult undertak obtain admiss secur offici list stock exchang member state hinder acquisit investor resid member state secur list stock exchang member state inhibit financ undertak invest commun differ elimin coordin rule regul necessarili make complet uniform order achiev adequ degre equival safeguard requir member state ensur provis inform suffici object actual potenti secur holder coordin appli secur independ legal statu issu undertak direct appli entiti refer made paragraph articl treati mutual recognit list particular publish admiss secur offici list repres import step forward creation commun intern market connect author compet check approv list particular publish admiss secur offici list event simultan applic admiss offici list member state articl council direct eec april coordin requir draw scrutini distribut prospectu publish transfer secur offer public public offer made simultan short interv member state public offer prospectu drawn approv accord articl direct recognis public offer prospectu member state concern basi mutual recognit desir provid recognit public offer prospectu list particular admiss offici stock exchang list request short period public offer mutual recognit public offer prospectu admiss offici list confer admiss advis provid extens mean agreement conclud commun member countri recognit list particular admiss offici list countri reciproc basi provid possibl member state admiss offici list sought case grant partial complet exempt oblig publish list particular admiss offici list issuer secur admit offici stock exchang list member state compani list commun time high qualiti intern stand candid cross border list compani gener member state inform wide circul aim direct ensur suffici inform provid investor compani seek secur admit list host member state investor oper market countri suffici protect receiv simplifi inform full list particular member state find establish discriminatori minimum quantit criteria current equiti market capitalis issuer fulfil elig benefit possibl exempt provid direct increas integr secur market equal open compet author give smaller compani similar treatment stock exchang tier market order deal share compani admit offici list case tier market regul supervis author recognis public bodi impos compani disclosur requir equival substanc impos offici list compani principl underli articl direct appli compani seek secur admit offici list order protect investor document intend made public compet author member state admiss offici list sought member state decid document scrutinis compet author determin natur manner scrutini carri case secur admit offici stock exchang list protect investor requir suppli regular inform entir period secur list coordin requir regular inform similar object envisag list particular improv protect make equival facilit list secur stock exchang commun contribut establish genuin commun capit market permit fuller interpenetr secur market direct list compani make investor annual account report give inform compani financi year fourth council direct eec coordin law regul administr provis member state annual account type compani compani financi year make investor report activ direct confin coordin content distribut singl report cover month financi year case ordinari debentur right confer holder protect investor mean public half yearli report essenti virtu direct convert exchang debentur debentur warrant admit offici list relat share list stock exchang regul regularli oper recognis open market admit simultan member state derog principl compet author satisfi holder dispos inform form opinion share debentur relat regular inform coordin compani share admit offici stock exchang list half yearli report enabl investor make inform apprais gener develop compani activ period cover report report essenti detail financi posit gener progress busi compani question ensur effect protect investor proper oper stock exchang rule relat regular inform publish compani share admit offici stock exchang list commun appli compani member state compani member countri polici adequ inform investor field transfer secur improv investor protect increas investor confid secur market ensur secur market function correctli make protect equival coordin polici commun level make greater inter penetr member state transfer secur market establish true european capit market end investor inform major hold hold commun compani share offici list stock exchang situat oper commun coordin rule laid detail content procedur appli requir compani share offici list commun stock exchang inform public major hold inform holder hold member state subject holder requir requir exist appreci differ procedur appli coordin rule adopt commun level field direct affect oblig member state deadlin transposit set annex ii part adopt direct titl definit scope applic chapter definit articl purpos direct quot issuer quot compani legal person undertak secur subject applic admiss offici list stock exchang quot collect invest undertak close end type quot unit trust invest compani object collect invest capit provid public oper principl risk spread ii unit holder request repurchas redeem directli indirectli asset undertak action undertak ensur stock exchang unit significantli vari net asset regard equival repurchas redempt purpos direct quot invest compani close end type quot invest compani object collect invest capit provid public oper principl risk spread ii share holder request repurchas redeem directli indirectli compani asset action compani ensur stock exchang share significantli vari net asset regard equival repurchas redempt quot credit institut quot undertak busi receiv deposit repay fund public grant credit account quot unit collect invest undertak quot secur issu collect invest undertak repres right particip asset undertak quot particip interest quot right capit undertak repres certif creat durabl link undertak intend contribut activ undertak hold right quot net turnov quot compris amount deriv sale product provis servic fall undertak ordinari activ deduct sale rebat ad tax tax directli link turnov quot annual account quot compris balanc sheet profit loss account note account document constitut composit chapter ii scope applic articl articl appli secur admit offici list subject applic admiss offici list stock exchang situat oper member state member state decid appli provis mention paragraph unit issu collect invest undertak close end type secur issu member state region local author articl articl annex appli secur subject applic admiss offici list stock exchang situat oper member state provis mention paragraph appli unit issu collect invest undertak close end type secur issu member state region local author articl articl appli compani share admit offici list stock exchang situat oper member state admiss share certif repres date admiss occur provis mention paragraph appli invest undertak close end type member state exclud central bank scope provis mention paragraph titl ii gener provis offici list secur chapter gener condit admiss articl member state ensur secur admit offici list stock exchang situat oper territori condit laid direct satisfi issuer secur admit offici list date admiss take place subject oblig provid direct articl admiss secur offici list subject condit set articl relat share debt secur issuer secur admit offici list fulfil oblig set articl relat share debt secur certif repres share admit offici list issuer share repres fulfil condit set articl oblig set articl certif fulfil condit set articl articl member state make admiss offici list secur issu compani legal person nation member state subject condit secur admit offici list stock exchang situat oper member state chapter ii stringent addit condit oblig articl subject prohibit provid articl articl member state make admiss secur offici list subject stringent condit set articl addit condit provid stringent addit condit appli gener issuer individu class issuer publish applic admiss secur made member state make issuer secur admit offici list subject stringent oblig set articl addit oblig provid stringent addit oblig appli gener issuer individu class issuer member state condit laid articl authoris derog addit stringent condit oblig refer paragraph hereof member state accord applic nation rule requir issuer secur admit offici list inform public regular basi financi posit gener busi chapter iii derog articl derog condit admiss secur offici list authoris accord articl appli gener issuer circumst justifi similar articl member state decid appli condit set articl oblig set articl respect applic admiss offici list debt secur issu compani legal person nation member state set govern manag pursuant special law repay interest payment respect secur guarante member state feder state chapter iv power nation compet author section decis admiss articl compet author refer articl decid admiss secur offici list stock exchang situat oper territori prejudic power confer compet author reject applic admiss secur offici list opinion issuer situat admiss detriment investor interest articl derog articl member state sole interest protect investor give compet author power make admiss secur offici list subject special condit compet author explicitli inform applic articl applic made simultan short interv admiss secur offici list stock exchang situat oper member state applic admiss made respect secur list stock exchang member state compet author commun make arrang expedit procedur simplifi formal addit condit requir admiss secur concern order facilit work compet author applic admiss secur offici list stock exchang situat oper member state state similar applic made member state made futur articl compet author refus admit offici list secur offici list member state issuer fail compli oblig result admiss member state articl applic admiss offici list relat certif repres share applic consid compet author opinion issuer certif offer adequ safeguard protect investor section inform request compet author articl issuer secur admit offici list provid compet author inform order protect investor ensur smooth oper market protect investor smooth oper market requir issuer requir compet author publish inform form time limit issuer fail compli requir compet author publish inform heard issuer section action issuer fail compli oblig result admiss articl prejudic action penalti contempl event failur part issuer compli oblig result admiss offici list compet author make public fact issuer fail compli oblig section suspens discontinu articl compet author decid suspend list secur smooth oper market temporarili jeopardis protect investor requir compet author decid list secur discontinu satisfi ow special circumst normal regular deal secur longer section appli court case refus admiss discontinu articl member state ensur decis compet author refus admiss secur offici list discontinu list subject appli court applic notifi decis applic admiss offici list month receipt applic compet author requir inform period month applic suppli inform failur give decis time limit paragraph deem reject applic reject give rise appli court provid paragraph titl iii condit relat offici list secur chapter public list particular admiss section gener provis articl member state ensur admiss secur offici list stock exchang situat oper territori condit public inform sheet hereinaft refer quot list particular quot accord chapter titl articl list particular inform natur issuer secur admiss applic made enabl investor invest advis make inform assess asset liabil financi posit profit loss prospect issuer right attach secur member state ensur oblig refer paragraph incumb person respons list particular provid head schedul annex hereto articl prejudic oblig refer articl member state ensur subject possibl exempt provid articl list particular easili analys comprehens form item inform provid schedul annex depend share debt secur certif repres share involv specif case cover articl list particular drawn accord specif articl subject possibl exempt provid articl head schedul annex inappropri issuer sphere activ legal form list particular give equival inform drawn adapt head section partial complet exempt oblig publish list particular articl prejudic articl member state compet author respons check list particular mean direct provid partial complet exempt oblig publish list particular case secur admiss offici list appli secur subject public issu secur issu connect takeov offer secur issu connect merger involv acquisit compani format compani divis compani transfer part undertak asset liabil consider transfer asset cash month admiss secur offici list document regard compet author inform equival list particular provid direct publish member state particular publish materi occur document prepar document made public regist offic issuer offic financi organis retain act pai agent particular materi publish accord articl secur admiss offici list appli share allot free charg holder share list stock exchang share result convers convert debt secur share creat exchang exchang debt secur share compani share offer convers exchang list stock exchang share result exercis right confer warrant share compani share offer holder warrant list stock exchang share issu substitut share list stock exchang issu share involv increas compani issu share capit inform provid chapter schedul annex publish accord articl secur admiss offici list appli share number estim market nomin absenc nomin account par amount number share class list stock exchang debt secur issu compani legal person nation member state carri busi benefit state monopoli ii set govern special law pursuant law borrow uncondition irrevoc guarante member state member state feder state debt secur issu legal person compani nation member state set special law ii activ govern law consist sole rais fund state control issu debt secur financ product mean resourc rais resourc provid member state iii debt secur purpos admiss offici list consid nation law debt secur issu guarante state share allot employe share class admit offici list stock exchang share differ sole date entitl dividend consid class secur admit offici list stock exchang member state share issu consider partial total renunci manag limit partnership share capit statutori right profit share class admit offici list stock exchang share differ sole date entitl dividend consid class supplementari certif repres share issu exchang origin secur issu certif brought increas compani issu capit provid certif repres share list stock exchang case issuer compli stock exchang public requir impos nation author produc annual account annual interim report author consid adequ case list particular compli direct publish case refer point inform number type secur admit offici list circumst secur issu publish accord articl secur share issuer certif repres share offici list member state year applic admiss offici list satisfact compet author member state admiss offici list sought compet author member state member state issuer secur offici list confirm preced year entir time issuer secur list year issuer compli requir inform admiss list impos compani secur offici list virtu direct publish manner stipul articl document inform statement applic made admiss secur offici list case share statement number class share question give concis descript right attach thereto case certif repres share statement right attach origin secur give inform possibl convert certif origin secur procedur convers case debt secur statement nomin amount loan amount fix statement effect made condit term loan case continu issu issu redempt price nomin interest rate interest rate provid indic condit govern rate case convert debt secur exchang debt secur debt secur warrant warrant statement natur share offer convers exchang subscript right attach thereto condit procedur convers exchang subscript detail circumst amend detail signific chang develop occur date document refer ii iii relat inform specif market countri admiss sought incom tax system pai agent issuer wai notic investor publish declar person respons inform accord indent inform accord fact includ omiss affect import document ii latest annual report latest audit annual account issuer prepar consolid annual account set account suppli compet author issuer suppli consolid account condit account suppli provid signific addit inform issuer latest half yearli statement year question publish iii list particular prospectu equival document publish issuer month preced applic admiss offici list iv inform document provid ii iii composit compani administr manag supervisori bodi function perform individu member gener inform capit current situat basi latest inform commun issuer articl report publish annual account offici auditor requir nation law member state territori issuer regist offic situat notic bill poster document announc admiss secur offici list indic essenti characterist secur document relat admiss intend public issuer behalf state inform refer exist publish manner prescrib articl inform refer notic bill poster document refer compet author made public compani share dealt preced year tier market regul supervis author recognis public bodi seek secur admit offici list member state opinion compet author inform equival substanc requir direct investor date admiss offici list effect section permit omiss list particular inform articl compet author authoris omiss list particular inform provid direct inform minor import influenc assess asset liabil financi posit profit loss prospect issuer disclosur inform contrari public interest detriment issuer provid case omiss mislead public regard fact circumst knowledg essenti assess secur question section content list particular specif case articl applic admiss offici list relat share offer sharehold issuer pre emptiv basi share list stock exchang compet author provid list particular inform provid schedul annex chapter chapter chapter head chapter head chapter head chapter head chapter share refer subparagraph repres certif list particular subject articl addit inform mention subparagraph provid schedul annex chapter head chapter applic admiss offici list relat convert debt secur exchang debt secur debt secur warrant offer pre emptiv basi sharehold issuer share list stock exchang compet author provid list particular inform natur share offer convers exchang subscript right attach thereto inform provid schedul annex mention subparagraph paragraph provid chapter schedul inform provid chapter schedul annex condit procedur convers exchang subscript situat amend publish accord articl list particular refer paragraph accompani annual account latest financi year issuer prepar consolid annual account set account accompani list particular compet author issuer attach list particular consolid account provid account attach list particular furnish materi addit inform articl applic admiss offici list relat debt secur convert exchang accompani warrant issu undertak secur list stock exchang compet author provid list particular inform provid schedul annex chapter chapter chapter head chapter head chapter head chapter chapter publish accord articl list particular refer paragraph accompani annual account latest financi year issuer prepar consolid annual account set account accompani list particular compet author issuer attach list particular consolid account provid account attach list particular furnish materi addit inform articl applic admiss offici list relat debt secur natur bought trade limit number investor knowledg invest matter compet author omiss list particular inform provid schedul annex inclus summari form condit inform materi point view investor concern articl admiss secur issu financi institut offici list list particular inform chapter schedul annex issu share debt secur inform adapt accord rule laid purpos nation law compet author natur issuer secur question equival chapter schedul annex member state determin financi institut cover articl arrang laid articl extend collect invest undertak unit exclud scope direct articl financ compani engag activ rais capit make parent compani undertak affili compani compani hold portfolio secur licenc patent engag activ manag portfolio articl applic admiss offici list concern debt secur issu continu repeat manner credit institut regularli publish annual account commun set govern special law pursuant law subject public supervis design protect save member state provid list particular inform provid head chapter schedul annex inform event import assess secur question occur end financi year respect annual account publish account made public issuer offic financi organis retain act pai agent articl admiss offici list debt secur guarante legal person list particular includ respect issuer inform provid schedul annex respect guarantor inform provid head chapter schedul issuer guarantor financi institut part list particular relat financi institut drawn accord articl prejudic subparagraph paragraph issuer guarante debt secur financ compani refer articl list particular includ respect issuer inform provid chapter head schedul annex respect guarantor provid head chapter schedul guarantor inform requir compet author abridg inform view achiev greater comprehens list particular guarante contract case refer paragraph made inspect public offic issuer financi organis retain act pai agent copi contract provid person concern request articl applic admiss offici list relat convert debt secur exchang debt secur debt secur warrant list particular includ inform natur share offer convers exchang subscript right attach thereto inform provid head chapter schedul annex inform provid chapter schedul annex condit procedur convers exchang subscript detail situat amend issuer convert debt secur exchang debt secur debt secur warrant issuer share list particular includ inform natur share offer convers exchang subscript right attach thereto respect issuer secur inform provid schedul annex respect issuer share provid head chapter schedul annex condit procedur convers exchang subscript detail situat amend issuer debt secur financ compani refer articl list particular relat compani inform provid chapter head schedul annex articl applic admiss offici list relat secur issu connect merger involv acquisit compani format compani divis compani transfer part undertak asset liabil takeov offer consider transfer asset cash document describ term condit oper open balanc sheet pro forma issuer prepar annual account prejudic requir publish list particular made inspect public offic issuer secur financi organis retain act pai agent transact refer paragraph place year previous compet author dispens requir impos paragraph articl applic admiss offici list relat certif repres share list particular inform certif provid schedul annex inform share repres provid schedul annex compet author reliev issuer certif requir publish detail financi posit issuer credit institut nation member state set govern special law pursuant law subject public supervis design protect save subsidiari own credit institut refer point commit holder certif uncondition guarante credit institut subject de jure de facto supervis quot administratiekantoor quot netherland govern safe custodi origin secur special regul laid compet author case certif issu secur transfer organis auxiliari institut set organis compet author dispens public inform provid chapter schedul annex articl debt secur admiss offici list appli benefit repay loan payment interest uncondit irrevoc guarante state state feder state nation legisl compet author authoris abridg inform provid chapter schedul annex possibl abridg provid paragraph appli compani set govern special law pursuant law power levi charg consum section control circul list particular articl list particular publish approv compet author compet author approv public list particular opinion satisfi requir set direct articl compet author decid accept audit report offici auditor provid head schedul annex requir addit report requir addit report outcom examin case merit request offici auditor issuer compet author disclos reason justifi requir section determin compet author articl secur applic admiss offici list stock exchang situat oper member state includ member state issuer regist offic situat made simultan short interv list particular drawn accord rule laid direct member state issuer regist offic approv compet author state issuer regist offic situat member state issuer choos state legisl list particular drawn approv section mutual recognit articl approv accord articl list particular subject translat recognis member state admiss offici list appli obtain approv compet author state requir addit inform includ list particular compet author requir list particular includ inform specif market countri admiss incom tax system financi organis retain act pai agent issuer countri notic investor publish list particular approv compet author mean articl recognis member state applic admiss offici list made partial exempt partial derog grant pursuant direct provid partial exempt partial derog question type recognis rule member state concern condit justifi partial exempt partial derog exist member state concern condit exempt derog lead compet author member state refus condit laid fulfil member state concern compet author recognis list particular approv compet author mean articl approv list particular compet author mean articl provid compet author member state applic offici list made certif approv partial exempt partial derog grant pursuant direct certif state fact reason applic admiss offici list made issuer commun compet author member state appli admiss draft list particular intend state member state restrict applic articl list particular issuer regist offic member state articl applic admiss offici list member state made secur subject public offer prospectu drawn approv member state accord articl direct eec month preced applic admiss public offer prospectu recognis subject translat list particular member state state applic admiss offici list made obtain approv compet author member state member state requir addit inform includ prospectu compet author requir prospectu includ inform specif market countri admiss incom tax system financi organis retain act pai agent issuer countri admiss wai notic investor publish articl appli eventu refer paragraph articl articl appli occur time content prospectu refer paragraph adopt time stock exchang deal begin articl applic admiss offici list secur give particip compani capit immedi end matur period made member state regist offic issuer share secur give entitl situat issuer share admit offici list member state compet author member state admiss act consult compet author member state regist offic issuer share question situat applic admiss offici list made secur list member state month previous compet author applic made contact compet author admit secur offici list exempt issuer secur prepar list particular subject updat translat issu supplement accord individu requir member state concern section agreement member countri articl commun mean agreement conclud member countri pursuant treati recognis list particular drawn check accord rule member countri countri meet requir direct subject reciproc provid rule concern give investor protect equival afford direct rule differ provis direct chapter ii specif condit admiss share section condit relat compani share admiss offici list sought articl legal posit compani conform law regul subject format oper statut articl forese market capitalis share admiss offici list sought assess compani capit reserv includ profit loss financi year million euro member state provid admiss offici list condit fulfil provid compet author satisfi adequ market share concern higher forese market capitalis higher capit reserv requir member state admiss offici list regul regularli oper recognis open market exist state requir equal refer paragraph condit set paragraph applic admiss offici list block share class admit equival nation currenc million euro initi equival nation currenc million european unit account applic march result adjust equival euro nation currenc market capitalis express nation currenc remain period year million euro member state month expiri period adjust law regul administr provis compli paragraph articl compani publish file annual account accord nation law financi year preced applic offici list except compet author derog condit derog desir interest compani investor compet author satisfi investor inform arriv inform judgement compani share admiss offici list sought section condit relat share admiss sought articl legal posit share conform law regul subject articl share freeli negoti compet author treat share fulli paid freeli negoti arrang made ensur negoti share restrict deal made open proper provid public inform compet author case admiss offici list share acquir subject approv derog paragraph approv claus disturb market articl public issu preced admiss offici list list made end period subscript applic submit articl suffici number share distribut public member state time admiss condit set paragraph appli share distribut public stock exchang event admiss offici list grant compet author satisfi suffici number share distribut stock exchang short period admiss offici list sought block share class compet author assess suffici number share distribut public relat share issu relat block derog paragraph share admit offici list member countri compet author provid admiss offici list suffici number share distribut public member state state list suffici number share deem distribut share respect applic admiss made hand public extent subscrib capit repres class share concern view larg number share class extent distribut public market oper properli lower percentag articl applic admiss offici list cover share class issu member state provid condit appli applic admiss cover share class issu share class admiss sought belong block serv maintain control compani negoti time agreement provid public inform situat danger situat prejud interest holder share admiss offici list sought articl admiss offici list share issu compani nation member state share physic form suffici physic form compli standard laid member state physic form conform standard forc member state admiss offici list appli compet author state make fact public physic form share issu compani nation member countri afford suffici safeguard protect investor articl share issu compani nation member countri list countri origin countri major proport share held admit offici list compet author satisfi absenc list countri origin countri major proport held due protect investor chapter iii condit relat admiss offici list debt secur issu undertak section condit relat undertak debt secur admiss offici list sought articl legal posit undertak conform law regul subject format oper statut section condit relat debt secur admiss offici list sought articl legal posit debt secur conform law regul subject articl debt secur freeli negoti compet author treat debt secur fulli paid freeli negoti arrang made ensur negoti debt secur restrict deal made open proper provid public inform articl public issu preced admiss offici list list made end period subscript applic submit provis appli case tap issu debt secur close date subscript fix articl applic admiss offici list cover debt secur rank pari passu articl admiss offici list debt secur issu undertak nation member state debt secur physic form suffici physic form compli standard laid member state physic form conform standard forc member state admiss offici list appli compet author state make fact public physic form debt secur issu singl member state conform standard forc state physic form debt secur issu undertak nation member countri afford suffici safeguard protect investor section condit articl amount loan eur provis applic case tap issu amount loan fix member state provid admiss offici list condit fulfil compet author satisfi suffici market debt secur concern equival nation currenc eur initi equival nation currenc unit account applic march result adjust equival euro nation currenc minimum amount loan express nation currenc remain period year eur member state month expiri period amend law regul administr provis compli paragraph articl convert exchang debentur debentur warrant admit offici list relat share list stock exchang regul regularli oper recognis open market admit simultan member state derog paragraph provid admiss offici list convert exchang debentur debentur warrant compet author satisfi holder dispos inform form opinion share debt secur relat chapter iv condit relat admiss offici list debt secur issu state region local author public intern bodi articl debt secur freeli negoti articl public issu preced admiss offici list list made end period subscript applic submit provis appli close date subscript fix articl applic admiss offici list cover secur rank pari passu articl admiss offici list debt secur issu member state region local author physic form suffici physic form compli standard forc member state physic form compli standard forc member state admiss offici list appli compet author state bring situat attent public physic form debt secur issu member countri region local author public intern bodi afford suffici safeguard protect investor titl iv oblig relat secur admit offici list chapter oblig compani share admit offici list section list newli issu share class articl prejudic articl case public issu share class offici list compani requir share automat admit appli admiss list year issu freeli negoti section treatment sharehold articl compani ensur equal treatment sharehold posit compani ensur member state share list facil inform enabl sharehold exercis right inform sharehold hold meet enabl exercis vote publish notic distribut circular alloc payment dividend issu share includ allot subscript renunci convers arrang design agent financi institut sharehold exercis financi right compani financi servic section amend instrument incorpor statut articl compani plan amend instrument incorpor statut commun draft thereof compet author member state share list draft commun compet author call gener meet decid propos amend section annual account annual report articl compani make public recent annual account annual report compani prepar annual annual consolid account make public event compet author authoris compani make public consolid account provid account made public signific addit inform annual account report compli provis direct compani account give true fair view compani asset liabil financi posit profit loss detail addit inform provid section addit inform articl compani inform public major develop sphere activ public knowledg virtu effect asset liabil financi posit gener busi lead substanti movement price share compet author exempt compani requir disclosur inform prejudic legitim interest compani compani inform public delai right attach class share compani inform public structur sharehold breakdown hold major hold capit compar inform previous publish subject notic compani subject articl inform public calendar dai notic person entiti acquir dispos number share hold exce fall threshold laid articl section equival inform articl compani share offici list stock exchang situat oper member state ensur equival inform made market exchang compani share offici list stock exchang situat oper member state member countri make market member state state share list inform equival make market member countri countri question inform import evalu share section period inform publish articl member state ensur compani refer articl publish half yearli report activ profit loss month financi year articl regard half yearli report member state subject compani oblig stringent provid articl articl addit oblig provid appli gener compani compani class section public content half yearli report articl half yearli report publish month end relev month period except duli substanti case compet author permit extend time limit public articl half yearli report consist figur explanatori statement relat compani activ profit loss relev month period figur present tabl form net turnov profit loss deduct tax term mean direct compani account member state compet author authoris compani exception case case basi suppli estim figur profit loss provid share compani list offici member state procedur compani report mislead investor compani paid propos pai interim dividend figur profit loss tax month period interim dividend paid propos figur shown figur period preced financi year explanatori statement includ signific inform enabl investor make inform assess trend compani activ profit loss indic special factor influenc activ profit loss period question enabl comparison made period preced financi year refer compani futur develop current financi year figur provid paragraph unsuit compani activ compet author ensur adjust made articl compani publish consolid account publish half yearli report consolid unconsolid form member state compet author form adopt contain addit materi inform requir compani publish inform articl account inform audit offici auditor compani account auditor report qualif reproduc full articl requir direct unsuit compani activ circumst compet author ensur suitabl adapt made requir compet author authoris omiss half yearli report inform provid direct disclosur inform contrari public interest detriment compani provid case omiss mislead public regard fact circumst knowledg essenti assess share question compani repres respons correct relev fact applic exempt base paragraph appli stringent addit oblig impos pursuant articl compani govern law member countri publish half yearli report member countri compet author authoris publish report half yearli report provid direct provid inform equival result applic direct articl half yearli report publish member state compet author member state derog articl endeavour accept singl text text meet requir member state compani share admit offici list time text close approxim text case simultan admiss offici list stock exchang situat oper member state compet author member state concern endeavour accept singl text text report meet requir member state compani head offic situat compani head offic situat member countri compet author member state concern endeavour accept singl version report chapter ii oblig issuer debt secur admit offici list section debt secur issu undertak articl undertak ensur holder debt secur rank pari passu equal treatment respect right attach debt secur provid made accord nation law condit prevent offer earli repay debt secur made holder undertak derog condit issu accord social prioriti undertak ensur member state debt secur offici list facil inform enabl holder exercis right publish notic distribut circular hold meet holder debt secur payment interest exercis convers exchang subscript renunci right repay design agent financi institut holder debt secur exercis financi right undertak financi servic articl undertak plan amend instrument incorpor statut affect right holder debt secur forward draft thereof compet author member state debt secur list draft commun compet author call meet bodi decid propos amend articl undertak make public recent annual account annual report public requir nation law undertak prepar annual annual consolid account make public event compet author authoris undertak make public account consolid account provid account made signific addit inform account report compli provis direct compani account give true fair view undertak asset liabil financi posit result detail addit inform provid articl undertak inform public major develop sphere activ public knowledg significantli affect abil meet commit compet author exempt undertak oblig request disclosur inform prejudic legitim interest undertak undertak inform public delai chang right holder debt secur result chang loan term interest rate undertak inform public delai loan issu guarante secur respect thereof debt secur offici list convert exchang debentur debentur warrant undertak inform public delai right attach class share relat articl undertak debt secur offici list stock exchang situat oper member state ensur equival inform made market exchang undertak debt secur offici list stock exchang situat oper member state member countri make market member state member state debt secur list inform equival make market member countri countri question inform import evalu debt secur section debt secur issu state region local author public intern bodi articl state region local author public intern bodi ensur holder debt secur rank pari passu equal treatment respect right attach debt secur provid made accord nation law condit prevent offer earli repay debt secur made holder issuer derog condit issu accord social prioriti state region local author public intern bodi ensur member state debt secur offici list facil inform enabl holder debt secur exercis right publish notic distribut circular hold meet holder debt secur payment interest redempt design agent financi institut holder debt secur exercis financi right articl state region local author public intern bodi debt secur offici list stock exchang situat oper member state ensur equival inform made market exchang state region local author public intern bodi debt secur offici list stock exchang situat oper member state member countri make market member state member state debt secur list inform equival make market member countri countri question inform import evalu debt secur chapter iii oblig relat inform publish major hold list compani acquir dispos section gener provis articl member state make subject chapter natur person legal entiti public privat law acquir dispos directli intermediari hold meet criteria laid articl involv hold vote right compani incorpor law share offici list stock exchang exchang situat oper member state acquisit dispos major hold refer paragraph effect mean certif repres share chapter appli bearer certif issuer chapter appli acquisit dispos major hold collect invest undertak articl purpos chapter quot acquir hold quot purchas hold acquisit mean whatsoev includ acquisit situat refer articl articl purpos chapter quot control undertak quot undertak natur person legal entiti major sharehold member vote right appoint remov major member administr manag supervisori bodi time sharehold member undertak question sharehold member control major sharehold member vote right pursuant agreement enter sharehold member undertak purpos paragraph parent undertak right vote appoint remov includ right control undertak person entiti act behalf parent undertak control undertak articl member state subject natur person legal entiti compani refer articl requir stricter provid chapter addit requir provid requir appli gener acquir dispos hold compani fall categori acquir dispos hold compani section inform major hold acquir dispos articl natur person legal entiti refer articl acquir dispos hold compani refer articl acquisit dispos proport vote right held person legal entiti reach exce fall threshold notifi compani time compet author author refer articl calendar dai proport vote right hold acquisit dispos member state appli threshold appli singl threshold threshold appli threshold period calendar dai start time owner major hold learn acquisit dispos time view circumst learnt member state provid compani inform respect proport capit held natur person legal entiti member state establish nation law determin accord manner vote right account purpos appli paragraph brought notic natur person legal entiti refer articl articl member state provid annual gener meet compani refer articl place regard belgium octob denmark octob germani april greec octob spain june franc octob ireland novemb itali june luxembourg june netherland austria april portug august finland april sweden april unit kingdom decemb natur person legal entiti refer articl notifi compani concern time compet author author hold vote right proport vote right held person entiti made declar accord articl month gener meet public inform hold accord articl articl compani receiv declar refer subparagraph articl turn disclos public member state share offici list stock exchang calendar dai receipt declar member state provid disclosur public refer subparagraph made compani concern compet author possibl cooper compani section determin vote right articl purpos determin natur person legal entiti refer articl requir make declar provid articl articl regard vote right held person entiti vote right held person entiti name behalf person entiti vote right held undertak control person entiti vote right held parti person entiti conclud written agreement oblig adopt concert exercis vote right hold last common polici manag compani question vote right held parti written agreement conclud person entiti undertak control person entiti provid temporari transfer consider vote right question vote right attach share own person entiti lodg secur person entiti hold secur control vote right declar intent exercis case regard vote right vote right attach share person entiti life interest vote right person entiti person entiti mention point entitl acquir initi formal agreement case notif prescrib articl effect date agreement vote right attach share deposit person entiti person entiti exercis discret absenc specif instruct holder derog articl person entiti exercis vote right refer point paragraph compani total vote right vote right held person entiti compani reach exce threshold provid articl member state lai person entiti oblig inform compani concern calendar dai gener meet compani section exempt articl person entiti acquir dispos major hold defin articl member group undertak requir council direct eec draw consolid account person entiti exempt oblig make declar provid articl articl made parent undertak parent undertak subsidiari undertak parent undertak articl compet author exempt declar provid articl acquisit dispos major hold defin articl profession dealer secur acquisit dispos effect capac profession dealer secur acquisit dealer interven manag compani concern compet author requir profession dealer secur refer paragraph member stock exchang situat oper member state approv supervis compet author refer articl articl compet author exception exempt compani refer articl oblig notifi public set articl author disclosur inform contrari public interest detriment compani concern provid case omiss mislead public regard fact circumst knowledg essenti assess transfer secur question section compet author articl purpos chapter compet author member state law govern compani refer articl section sanction articl member state provid sanction case natur person legal entiti compani refer articl compli provis chapter titl public commun inform chapter public commun list particular admiss secur offici stock exchang list section procedur period public list particular supplement articl list particular publish insert newspap circul member state admiss offici list secur sought wide circul form brochur made free charg public offic stock exchang stock exchang secur admit offici list regist offic issuer offic financi organis retain act pai agent member state admiss secur offici list sought addit complet list particular notic state list particular publish obtain public insert public design member state admiss secur offici list sought articl list particular publish reason period laid nation legisl compet author date offici list effect admiss secur offici list preced trade pre emptiv subscript right give rise deal record offici list list particular publish reason period laid compet author trade start except properli justifi case compet author postpon public list particular date offici list effect case secur class list stock exchang issu consider transfer asset cash date open trade pre emptiv subscript right admiss debt secur offici list coincid public issu term issu finalis moment compet author requir public reason period list particular omit inform term indic inform publish date offici list start debt secur issu continu basi vari price articl signific factor capabl affect assess secur aris time list particular adopt time stock exchang deal begin cover supplement list particular scrutinis publish accord procedur laid compet author section prior commun compet author mean public articl list particular publish accord articl admiss secur offici list notic bill poster document announc oper indic essenti characterist secur document relat admiss intend public issuer behalf commun compet author decid submit scrutini public abovement document state list particular exist publish accord articl chapter ii public commun inform list articl inform refer articl issuer secur admit offici list member state requir make public publish newspap distribut member state state concern wide distribut made public write place announc publish newspap distribut member state state concern wide distribut equival mean approv compet author issuer simultan send inform refer articl compet author half yearli report refer articl publish member state member state share admit offici list insert newspap distribut state wide distribut nation gazett made public write place announc publish newspap distribut state wide distribut equival mean approv compet author compani send copi half yearli report simultan compet author member state share admit offici list time half yearli report publish time member state chapter iii languag articl inform refer articl addit half yearli report refer articl drawn offici languag languag offici languag languag provid member state concern offici languag languag languag customari sphere financ accept compet author articl inform refer articl publish offici languag offici languag member state admiss offici list sought languag provid member state question languag customari sphere financ accept compet author condit impos compli titl vi compet author cooper member state articl member state ensur direct appli appoint compet author purpos direct notifi commiss thereof give detail divis power member state ensur compet author power carri task direct affect compet author liabil continu govern sole nation law articl compet author cooper purpos carri duti exchang inform purpos articl member state provid person emploi emploi compet author bound profession secreci mean confidenti inform receiv duti divulg person author virtu provis laid law paragraph preclud compet author member state exchang inform provid direct inform exchang cover oblig profession secreci person emploi emploi compet author receiv inform subject prejudic case cover crimin law compet author pursuant articl receiv inform titl iii chapter titl chapter annex perform duti context administr appeal legal proceed relat perform compet author pursuant paragraph receiv confidenti inform titl iv chapter iii sole perform duti titl vii contact committe chapter composit work task committe articl contact committe hereinaft call quot committe quot set alongsid commiss committe compos person appoint member state repres commiss chairman repres commiss secretari servic provid commiss meet committe conven chairman initi request member state deleg committe draw rule procedur committe function regard condit admiss secur offici list condit establish control circul list particular publish admiss period inform publish compani share admit prejudic articl treati facilit harmonis implement direct regular consult practic problem aris applic exchang view deem regard inform publish major hold list compani acquir dispos permit regular consult practic problem aris applic direct exchang view deem facilit establish concert attitud member state stringent addit condit oblig pursuant articl lai nation level ii supplement improv list particular compet author entitl requir recommend nation level iii stricter addit requir lai accord articl requir impos member state brought line accord articl treati advis commiss addit amend made direct modif articl light progress converg oblig refer iii adjust made accord articl function committe apprais merit decis compet author individu case chapter ii adapt amount equiti market capitalis articl purpos adjust light requir econom situat minimum amount forese market capitalis laid articl commiss submit committe draft measur articl council decis ec june lai procedur exercis implement power confer commiss appli complianc articl articl thereof period laid articl decis ec set month titl viii final provis articl member state commun commiss text main law regul administr provis adopt field cover direct articl direct eec eec eec eec amend act list annex ii part repeal prejudic oblig member state time limit transposit set annex ii part refer repeal direct constru refer direct read accord correl tabl shown annex iii articl direct enter forc twentieth dai public offici journal european commun articl direct address member state brussel european parliament presid fontain council presid östro oj opinion european parliament march publish offici journal council decis oj direct amend direct eec oj oj direct amend european parliament council direct ec oj oj oj oj oj direct amend direct ec oj oj direct amend act access oj annex schedul list particular admiss secur offici stock exchang list schedul layout list particular admiss share offici stock exchang list chapter inform respons list particular audit account function natur person regist offic legal person respons list particular case part case indic part declar respons refer head knowledg inform part list particular respons accord fact omiss affect import list particular name address qualif offici auditor audit compani annual account preced financi year accord nation law statement annual account audit audit report annual account refus offici auditor qualif refus qualif reproduc full reason indic inform list particular audit auditor chapter inform admiss offici list share admiss applic made indic admiss appli admiss offici list share market admiss list view stock exchang market inform share respect applic offici list made indic resolut authoris approv virtu share creat issu natur issu amount thereof number share creat issu predetermin case share issu connect merger divis compani transfer part undertak asset liabil takeov offer consider transfer asset cash indic document describ term condit oper inspect public concis descript right attach share extent vote right entitl share profit share surplu event liquid privileg time limit dividend entitl laps indic parti favour entitl oper tax incom share withheld sourc countri origin countri list indic issuer assum respons withhold tax sourc arrang transfer share restrict free negoti claus establish approv requir date entitl dividend aris stock exchang admiss offici list sought financi organis time admiss share offici list pai agent issuer member state admiss place relev inform issu place public privat share respect applic admiss offici list made issu place effect month preced admiss indic exercis pre emption sharehold restrict withdraw indic applic reason restrict withdraw case justif issu price issu cash indic beneficiari restrict withdraw pre emption intend benefit specif person total amount public privat issu place number share offer applic categori public privat issu place made simultan market state tranch reserv indic tranch issu price offer place price state nomin absenc account par amount capitalis issu premium amount expens specif charg subscrib purchas method payment price pai share fulli paid procedur exercis pre emption negoti subscript right treatment subscript right exercis period open issu offer share name financi organis respons receiv public subscript method time limit deliveri share creation provision certif name address descript natur legal person underwrit guarante issu issuer issu underwritten guarante statement portion cover indic estim amount amount share charg relat issu oper state total remuner financi intermediari includ underwrit commiss margin guarante commiss place commiss sell agent commiss net proce accru issuer issu intend applic proce financ invest programm strengthen issuer financi posit inform admiss share offici list descript share admiss offici list appli number share nomin share absenc nomin account par total nomin exact design class coupon attach share market stock exchang share previous sold public statement number share made market nomin absenc nomin account par statement total nomin applic statement minimum offer price date share list dealt share class list stock exchang indic stock exchang share class admit offici list dealt market subject regul regular oper recognis open indic market indic occur financi year current financi year public takeov offer parti respect issuer share public takeov offer issuer respect compani share price exchang term attach offer outcom thereof state simultan simultan creation share admiss offici list sought share class subscrib privat share class creat public privat place detail natur oper number characterist share relat chapter gener inform issuer capit gener inform issuer regist offic princip administr establish regist offic date incorpor length life issuer indefinit legisl issuer oper legal form adopt legisl indic issuer object refer claus memorandum associ indic regist entri number indic document issuer refer list particular inspect gener inform capit amount issu capit number class share compos detail princip characterist part issu capit paid indic number total nomin type share fulli paid broken applic extent paid authoris unissu capit undertak increas capit inter alia connect convert loan issu subscript option grant indic amount authoris capit capit increas durat authoris categori person preferenti subscript right addit portion capit term arrang share issu portion share repres capit number main characterist share state amount convert debt secur exchang debt secur debt secur warrant indic condit govern procedur convers exchang subscript condit impos memorandum articl associ govern capit respect right class share condit stringent requir law summari descript oper preced year chang amount issu capit number class share compos issuer indic natur legal person directli indirectli sever jointli exercis exercis control issuer particular proport capit held give vote joint control control exercis compani person conclud agreement lead adopt common polici respect issuer issuer indic sharehold directli indirectli hold proport issuer capit member state fix issuer belong group undertak descript group issuer posit number book nomin absenc nomin account par share issuer compani direct indirect hold acquir hold secur separ item balanc sheet chapter inform issuer activ issuer princip activ descript issuer princip activ state main categori product sold servic perform indic signific product activ breakdown net turnov past financi year categori activ geograph market take account manner sale product provis servic fall issuer ordinari activ organis categori market differ substanti locat size issuer princip establish summari inform real estat own establish account turnov product consid princip establish mine extract hydrocarbon quarri similar activ signific descript deposit estim econom exploit reserv expect period work indic period main term concess econom condit work indic progress actual work inform pursuant head influenc except factor fact mention summari inform extent issuer depend patent licenc industri commerci financi contract manufactur process factor fundament import issuer busi profit inform polici research develop product process past financi year signific inform legal arbitr proceed signific effect issuer financi posit recent past inform interrupt issuer busi signific effect issuer financi posit recent past averag number emploi past financi year materi breakdown person emploi main categori activ invest polici descript figur main invest made includ interest share debt secur undertak past financi year month elaps current financi year inform princip invest made except interest acquir undertak distribut invest geograph home abroad method financ intern extern inform issuer princip futur invest except interest acquir undertak manag bodi made firm commit chapter inform issuer asset liabil financi posit profit loss account issuer balanc sheet profit loss account drawn compani set compar tabl note annual account financi year draft list particular file compet author month end financi year annual account publish relat compet author extend period except case issuer prepar consolid annual account includ account list particular accord head issuer prepar consolid annual account includ set account list particular accord head compet author issuer includ consolid annual account condit account includ provid signific addit inform profit loss share issu compani financi year aris compani ordinari activ tax financi year compani includ annual account list particular issuer includ consolid annual account list particular consolid profit loss share financi year financi year inform addit provid accord preced subparagraph issuer includ annual account list particular abovement period financi year number share issu compani chang result increas decreas capit rearrang split share profit loss share refer subparagraph adjust make compar event adjust formula disclos amount dividend share financi year adjust make compar accord subparagraph head month elaps end financi year publish annual consolid annual account relat interim financi statement cover month includ list particular append interim financi statement unaudit fact state issuer prepar consolid annual account compet author decid interim financi statement submit consolid signific chang occur end financi year prepar interim financi statement note insert list particular append thereto consolid annual account compli direct compani annual account give true fair view issuer asset liabil financi posit profit loss detail addit inform tabl show sourc applic fund past financi year individu detail list relat undertak issuer hold proport capit signific effect assess asset liabil financi posit profit loss item inform list event undertak issuer direct indirect particip interest book particip interest repres capit reserv account net profit loss issuer case group book particip interest repres consolid net asset account consolid net profit loss group item inform list provid issuer prove hold pure provision natur similarli inform requir point omit undertak particip interest held publish annual account member state authoris compet author permit omiss inform prescrib point annual account undertak particip interest held consolid group annual account attribut interest equiti method disclos annual account provid opinion compet author omiss inform mislead public regard fact circumst knowledg essenti assess secur question inform provid point omit opinion compet author omiss mislead investor regist offic undertak field activ proport capit held issu capit reserv profit loss aris ordinari activ tax financi year issuer oblig publish list particular show share held account amount paid share held amount dividend receiv financi year respect share held amount debt ow issuer regard undertak individu inform relat undertak refer head issuer hold capit detail omit neglig import purpos object set articl regist offic undertak proport capit held list particular compris consolid annual account disclosur consolid principl appli explicitli member state law govern consolid annual account principl conform law gener accept method member state stock exchang admiss offici list request situat oper name regist offic undertak includ consolid inform import purpos assess asset liabil financi posit profit loss issuer suffici distinguish sign list undertak detail requir head undertak refer total proport parti interest annual account consolid global ii proport consolid calcul basi interest consolid effect pro rata basi issuer domin undertak form group depend undertak detail provid chapter issuer group compet author permit provis inform issuer group provid detail provid materi inform provid schedul annual account provid accord chapter repeat chapter inform administr manag supervis name address function issu compani person indic princip activ perform compani signific respect compani member administr manag supervisori bodi partner unlimit liabil case limit partnership share capit founder compani establish fewer year interest member administr manag supervisori bodi issu compani remuner paid benefit kind grant complet financi year head whatsoev charg overhead profit appropri account member administr manag supervisori bodi total amount categori bodi total remuner paid benefit kind grant member administr manag supervisori bodi issuer depend undertak form group total number share issu compani held member administr manag supervisori bodi option grant compani share inform natur extent interest member administr manag supervisori bodi transact effect issuer unusu natur condit purchas normal activ acquisit dispos fix asset item preced financi year current financi year unusu transact conclud previou financi year definit conclud inform transact total outstand loan grant issuer person refer head guarante provid issuer benefit scheme involv staff capit issuer chapter inform recent develop prospect issuer event derog grant compet author gener inform trend issuer busi end financi year publish annual account relat signific recent trend product sale stock state order book recent trend cost sell price event derog grant compet author inform issuer prospect current financi year schedul layout list particular admiss debt secur offici stock exchang list chapter inform respons list particular audit account name address natur legal person respons list particular case part case indic part declar respons refer head knowledg inform part list particular respons accord fact omiss affect import list particular name address qualif offici auditor audit annual account preced financi year accord nation law statement annual account audit audit report annual account refus offici auditor qualif refus qualif reproduc full reason indic inform list particular audit auditor chapter inform loan admiss debt secur offici list condit loan nomin amount loan amount fix statement effect made natur number number debt secur denomin case continu issu issu redempt price nomin interest rate interest rate provid indic condit rate procedur alloc advantag method calcul advantag tax incom debt secur withheld sourc countri origin countri list indic issuer assum respons withhold tax sourc arrang amortis loan includ repay procedur financi organis time admiss offici list pai agent issuer member state admiss currenc loan loan denomin unit account contractu statu currenc option time limit period loan interim due date date interest payabl due date interest time limit valid claim interest repay princip procedur time limit deliveri debt secur creation provision certif case continu issu indic yield method yield calcul summari form legal inform indic resolut authoris approv virtu debt secur creat issu type oper amount thereof number debt secur creat issu predetermin natur scope guarante sureti commit intend ensur loan duli servic repay debt secur payment interest indic place public access text contract relat guarante sureti commit organis truste represent bodi debt secur holder function descript head offic repres debt secur holder main condit represent condit repres replac indic public access contract relat form represent mention claus subordin loan debt issuer contract contract indic legisl debt secur creat court compet event litig indic debt secur regist bearer restrict free transfer debt secur inform admiss debt secur offici list stock exchang admiss offici list sought name address descript natur legal person underwrit guarante issu issuer issu underwritten guarante statement portion cover public privat issu place made simultan market state tranch reserv indic tranch debt secur class list stock exchang indic stock exchang debt secur class admit offici list dealt market subject regul regular oper recognis open indic market inform issu concomit offici admiss place month preced admiss procedur exercis pre emption negoti subscript right treatment subscript right exercis method payment issu offer price case continu debt secur issu period open issu offer possibl earli closur indic financi organis respons receiv public subscript refer fact subscript reduc case continu debt secur issu indic net proce loan purpos issu intend applic proce chapter gener inform issuer capit gener inform issuer regist offic princip administr establish regist offic date incorpor length life issuer expect indefinit legisl issuer oper legal form adopt legisl indic issuer object refer claus memorandum associ indic regist entri number indic document issuer refer list particular inspect gener inform capit amount issu capit number class secur compos detail princip characterist part issu capit paid indic number total nomin type secur fulli paid broken applic extent paid amount convert debt secur exchang debt secur debt secur warrant indic condit govern procedur convers exchang subscript issuer belong group undertak descript group issuer posit number book nomin absenc nomin account par share issuer compani issuer direct indirect hold acquir hold secur separ item balanc sheet repres signific part issu capit chapter inform issuer activ issuer princip activ descript issuer princip activ state main categori product sold servic perform indic signific product activ net turnov past financi year locat size issuer princip establish summari inform real estat own establish account turnov product consid princip establish mine extract hydrocarbon quarri similar activ signific descript deposit estim econom exploit reserv expect period work indic period main term concess econom condit work indic progress actual work inform pursuant head influenc except factor fact mention summari inform extent issuer depend patent licenc industri commerci financi contract manufactur process factor fundament import issuer busi profit inform legal arbitr proceed signific effect issuer financi posit recent past invest polici descript figur main invest made includ interest share debt secur undertak past financi year month elaps current financi year inform princip invest made except interest acquir undertak distribut invest geograph home abroad method financ intern extern inform issuer princip futur invest except interest acquir undertak manag bodi made firm commit chapter inform issuer asset liabil financi posit profit loss account issuer balanc sheet profit loss account drawn issuer set compar tabl note annual account financi year draft list particular file compet author month end financi year annual account publish relat compet author extend period except case issuer prepar consolid annual account includ account list particular accord head issuer prepar consolid annual account includ set account list particular accord head compet author issuer includ consolid annual account condit account includ provid signific addit inform month elaps end financi year publish annual consolid annual account relat interim financi statement cover month includ list particular append interim financi statement unaudit fact state issuer prepar consolid annual account compet author decid interim financi statement submit consolid signific chang occur end financi year prepar aforement interim financi statement note insert append list particular annual consolid annual account compli direct compani annual account give true fair view issuer asset liabil financi posit profit loss detail addit inform indic recent date state materi total amount loan capit outstand distinguish loan guarante provis secur issuer parti loan guarante total amount borrow indebted natur borrow distinguish guarante unguarante borrow debt total amount conting liabil neg statement relev absenc loan capit borrow indebted conting liabil issuer prepar consolid annual account principl laid head appli gener rule account liabil undertak group statement effect made tabl show sourc applic fund past financi year individu detail list relat undertak issuer hold proport capit signific effect assess asset liabil financi posit profit loss item inform list event undertak issuer direct indirect particip interest book particip interest repres capit reserv account net profit loss issuer case group book particip interest repres consolid net asset account consolid net profit loss group item inform list provid issuer prove hold pure provision natur similarli inform requir point omit undertak particip interest held publish annual account member state authoris compet author permit omiss inform prescrib point annual account undertak particip interest held consolid group annual account attribut interest equiti method disclos annual account provid opinion compet author omiss inform mislead public regard fact circumst knowledg essenti assess secur question regist offic undertak field activ proport capit held issu capit reserv profit loss aris ordinari activ tax financi year amount paid share held amount dividend receiv financi year respect share held list particular compris consolid annual account disclosur consolid principl appli explicitli member state law govern consolid annual account principl conform law gener accept method member state stock exchang admiss offici list request situat oper name regist offic undertak includ consolid inform import purpos assess asset liabil financi posit profit loss issuer suffici distinguish sign list compani detail requir head undertak refer total proport parti interest annual account consolid global ii proport consolid calcul basi interest consolid effect pro rata basi issuer domin undertak form group depend undertak detail provid chapter issuer group compet author permit provis inform issuer group provid detail provid materi inform provid schedul annual account provid accord chapter repeat chapter inform administr manag supervis name address function issu undertak person indic princip activ perform undertak signific respect undertak member administr manag supervisori bodi partner unlimit liabil case limit partnership share capit chapter inform recent develop prospect issuer event derog grant compet author gener inform trend issuer busi end financi year publish annual account relat signific recent trend product sale stock state order book recent trend cost sell price event derog grant compet author inform issuer prospect current financi year schedul layout list particular admiss certif repres share offici stock exchang list chapter gener inform issuer regist offic princip administr establish regist offic date incorpor length life issuer indefinit legisl issuer oper legal form adopt legisl amount issu capit number class secur compos detail princip characterist part issu capit paid indic number total nomin type secur fulli paid broken applic extent paid indic princip holder capit name address function issu bodi person indic princip activ perform bodi signific respect bodi function held member administr manag supervisori bodi partner unlimit liabil case limit partnership share capit compani object issu certif repres share sole object compani natur activ pure truste natur dealt separ summari annual account relat complet financi year month elaps end financi year publish annual consolid annual account relat interim financi statement cover month includ list particular append interim financi statement unaudit fact state issuer prepar consolid annual account compet author decid interim financi statement submit consolid signific chang occur end financi year prepar interim financi statement note insert list particular append thereto chapter inform certif legal statu indic rule govern issu certif mention date place public exercis benefit right attach origin secur vote right condit issuer certif exercis right measur envisag obtain instruct certif holder share profit liquid surplu bank guarante attach certif intend underwrit issuer oblig possibl obtain convers certif origin secur procedur convers amount commiss cost born holder connect issu certif payment coupon creation addit certif exchang certif origin secur transfer certif stock exchang admiss offici list sought restrict free transfer certif supplementari inform admiss offici list certif stock exchang number certif made market total nomin minimum sale price price fix date certif list indic tax arrang regard tax charg born holder levi countri certif issu indic legisl certif creat court compet event litig annex ii part repeal direct success amend refer articl gt tabl gt annex ii part time limit transposit nation law refer articl gt tabl gt annex iii correl tabl gt tabl gt