(5)Allowable "buy back" activities in order to benefit from the exemption of the prohibitions of Directive 2003/6/EC include issuers needing the possibility to reduce their capital, to meet obligations arising from debt financial instruments exchangeable into equity instruments, and to meet obligations arising from allocations of shares to employees.
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New version applies from 03/07/2016 — introduced by Market Abuse Regulation (MAR).
34 provisions change.
Recital 5 is deleted from 03/07/2016.