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Recital 11

Recital 11

(11)In order to reduce burdens for issuers, offerors, or persons asking for admission to trading on a regulated market, it is necessary to allow those who use base prospectuses for offering programmes of non-equity securities to copy or incorporate by reference information from those base prospectuses, with a flexible order of disclosure, in prospectuses for non-equity securities that are not base prospectuses, thus derogating from the standardised format and sequence requirement, where that requirement applies.

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