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Article 2

1. Articles 5 to 19, 42 to 69, and 78 to 84 shall apply to securities which are admitted to official listing or are the subject of an application for admission to official listing on a stock exchange situated or operating within a Member State. 2. Member States may decide not to apply the provisions mentioned in paragraph 1 to: units issued by collective investment undertakings other than the closed-end type, securities issued by a Member State or its regional or local authorities.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-11 · Text as adopted (Official Journal); later amendments are not incorporated in this text.