offer of securities to the public

Definitions over time (1)

20/03/2008 – 21/07/2019 Article 2, Directive 2003/71/EC Scope: Whole act

For the purposes of this Directive, the following definitions shall apply:

‘offer of securities to the public’ means a communication to persons in any form and by any means, presenting sufficient information on the terms of the offer and the securities to be offered, so as to enable an investor to decide to purchase or subscribe to these securities. This definition shall also be applicable to the placing of securities through financial intermediaries;

No text uses this concept on 12/11/2026.