Wholesale investors should be able to make their investment decision on other elements than those taken into consideration by retail investors. Therefore a differentiated content of prospectus is necessary for debt and derivative securities aimed at those investors who purchase debt or derivative securities with a denomination per unit of at least EUR 50 000 or a denomination in another currency provided that the value of such minimum denomination when converted to EURO amounts to at least EURO 50 000.
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New version applies from 01/07/2012 — introduced by Commission Delegated Regulation (EU) No 486/2012.
78 provisions change.
Later versions: 22/09/2012, 01/07/2013, 28/08/2013, 01/01/2015, 24/03/2016.
Recital 14 changes in this version: compare with the current text.