key information
Defined in Article 2, Directive 2003/71/EC
Uses as of 04/01/2011
Definitions over time (1)
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For the purposes of this Directive, the following definitions shall apply:
‘key information’ means essential and appropriately structured information which is to be provided to investors with a view to enabling them to understand the nature and the risks of the issuer, guarantor and the securities that are being offered to them or admitted to trading on a regulated market and, without prejudice to Article 5(2)(b), to decide which offers of securities to consider further. In light of the offer and securities concerned, the key information shall include the following elements: a short description of the risks associated with and essential characteristics of the issuer and any guarantor, including the assets, liabilities and financial position; a short description of the risk associated with and essential characteristics of the investment in the relevant security, including any rights attaching to the securities; general terms of the offer, including estimated expenses charged to the investor by the issuer or the offeror; details of the admission to trading; reasons for the offer and use of proceeds;