(10)To safeguard the efficiency objective of base prospectuses, which represent a significant share of non-equity prospectuses, a more flexible format should be established for such base prospectuses. Given that a base prospectus may concern single or multiple issuers or issuances, it is appropriate to consider a standardised format and sequence only for issuer-specific information in the case of a single issuer, when the prospectus is prepared as separate documents, while allowing for flexibility for the other information to be included in that base prospectus. Where a base prospectus is drawn up as a single document, the issuer, offeror or person asking for admission to trading on a regulated market may, for simplicity, choose to use the template for a prospectus for non-equity securities drawn up as a single document while retaining flexibility regarding the format.