(2)Because of the need to reduce complexity and support issuers, offerors or persons asking for admission to trading on a regulated market in the process of drawing up a prospectus, it is necessary to reduce the number of required schedules. For that reason, a single registration document and a single securities note should be set out for non-equity securities, replacing the separate provisions and Annexes for retail and wholesale non-equity securities. To reflect that change, it is necessary to update all related references in the provisions of, and Annexes to, Delegated Regulation (EU) 2019/980. The information included in a prospectus for non-equity securities should be tailored to the knowledge and expertise of investors to whom such a prospectus is addressed. It is therefore important to distinguish, in the new registration document and securities note for non-equity securities, between the specific cases where disclosures are only applicable to retail investors and the specific cases where disclosures are intended for qualified investors. Where there is no indication, disclosures should apply to all types of investors.