Annex X

(a)

in Section 1, item 1.2 is deleted;

(b)

in Section 1, item 1.13 is replaced by the following: ‘Item 1.13 A warning that the tax legislation of the investor’s Member State and of the issuer’s country of incorporation may have an impact on the income received from the securities. √ √’

(c)

in Section 3, item 3.1.1, the second subparagraph is replaced by the following: ‘Where the maximum amount of securities to be offered may not be provided in the prospectus, the prospectus shall specify that acceptances of the purchase or subscription of securities may be withdrawn for not less than three working days after the amount of securities to be offered to the public has been filed.’;

(d)

in Section 3, item 3.3.1, the third subparagraph is replaced by the following; ‘Where neither (a) nor (b) may be provided in the prospectus, the prospectus shall specify that acceptances of the purchase or subscription of securities may be withdrawn for not less than three working days after the final offer price of securities to be offered to the public has been filed.’;

(e)

in Section 5, item 5.3.1, the second subparagraph is replaced by the following: ‘In each category the most material risks, in the assessment of the issuer, offeror or person asking for admission to trading on a regulated market, taking into account the negative impact on the issuer and the securities and the probability of their occurrence, shall be listed in an order which is consistent with that assessment. The risks shall be corroborated by the content of the prospectus.’.