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New version applies from 26/11/2013 — introduced by Directive 2013/50/EU. 53 provisions change. Later versions: 23/05/2014, 20/07/2017, 21/07/2018, 21/07/2019. Recital 21 changes in this version: compare with the current text.

Recital 21

Recital 21

(21)Information is a key factor in investor protection; a summary conveying the essential characteristics of, and risks associated with, the issuer, any guarantor and the securities should be included in the prospectus. To ensure easy access to this information, the summary should be written in non-technical language and normally should not exceed 2 500 words in the language in which the prospectus was originally drawn up.

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