(33)Under Article 13(5) of Directive 2003/71/EC, the competent authority of the home Member State may transfer the approval of a prospectus to the competent authority of another Member State, subject to the agreement of that competent authority. Article 28(4) of Regulation (EU) No 1095/2010 requires that such delegation agreements be notified to the European Supervisory Authority (European Securities and Markets Authority) at least 1 month before they are put into effect. However, given the experience in transfer of approval under Directive 2003/71/EC, which provides for shorter deadlines, it is appropriate not to apply Article 28(4) of Regulation (EU) No 1095/2010 to that situation.
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New version applies from 13/01/2019 — introduced by Capital Requirements Directive, Directive 2014/65/EU (MIFID II), Market Abuse Regulation (MAR), Directive (EU) 2016/2341.
50 provisions change.
Later versions: 01/08/2019.
Recital 33 changes in this version: compare with the current text.