3. — Commission Regulation (EC) No 2273/2003 of 22 December 2003 implementing…

3.

Commission Regulation (EC) No 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments (Text with EEA relevance) · European Union

Paragraph 1 shall not apply if: the issuer has in place a time-scheduled "buy-back" programme; or the "buy-back" programme is lead-managed by an investment firm or a credit institution which makes its trading decisions in relation to the issuer's shares independently of, and without influence by, the issuer with regard to the timing of the purchases. CHAPTER III STABILISATION OF A FINANCIAL INSTRUMENT

← 2. · All articles · (a) →

Source: EUR-Lex (Cellar) · retrieved 2026-10-13 · Text as adopted (Official Journal); later amendments are not incorporated in this text.