(7)

Article 7 is amended as follows: in paragraph 3, the following subparagraph is added: ‘Without prejudice to the first subparagraph of this paragraph, the summary may present or summarise information in the form of charts, graphs or tables.’; in paragraph 4, the introductory wording is replaced by the following: ‘The summary shall be made up of the following four sections in the following order:’; paragraph 5 is amended as follows: in the first subparagraph, the introductory wording is replaced by the following: ‘The section referred to in paragraph 4, point (a), shall contain the following information in the following order:’; the second subparagraph is amended as follows: the introductory wording is replaced by the following: ‘It shall contain the following warnings in the following order:’ ; the following point is added: ; where applicable, a statement that the company has identified environmental issues as a material risk factor in accordance with Article 16.’ paragraph 6 is amended as follows, the introductory sentence is replaced by the following: ‘The section referred to in paragraph 4, point (b), shall contain the following information in the following order:’; in point (a), the following point is added: (*4) Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment, and amending Regulation (EU) 2019/2088 (OJ L 198, 22.6.2020, p. 13).’;" where the issuer of equity securities is subject to Article 8 of Regulation (EU) 2020/852 of the European Parliament and Council (*4), a statement on whether the issuer’s activities are associated with economic activities that qualify as environmentally sustainable under Articles 3 and 9 of that Regulation. paragraph 7 is amended as follows: the introductory sentence is replaced by the following: ‘The section referred to in paragraph 4, point (c), shall contain the following information in the following order:’; the fifth subparagraph is replaced by the following: ‘Where the summary contains the information referred to in the first subparagraph, point (c), the maximum length set out in paragraph 3 shall be extended by one additional side of A4-sized paper per guarantor, provided that the additional sides of A4-sized paper are dedicated to the description of the guarantors.’; in paragraph 8, the introductory sentence is replaced by the following: ‘The section referred to in paragraph 4, point (d), shall contain the following information in the following order:’; paragraph 12a is replaced by the following: ‘12a. By way of derogation from paragraphs 3 to 12 of this Article, an EU Follow-on prospectus drawn up in accordance with Article 14a, or an EU Growth issuance prospectus drawn up in accordance with Article 15a, shall contain a summary drawn up in accordance with this paragraph. The summary of an EU Follow-on prospectus or of an EU Growth issuance prospectus shall be drawn up as a short document written in a concise manner and of a maximum length of seven sides of A4-sized paper when printed. The summary of an EU Follow-on prospectus or of an EU Growth issuance prospectus shall not contain cross-references to other parts of the prospectus or incorporate information by reference and shall comply with the following requirements: Without prejudice to the third subparagraph, points (a) and (b), the summary of an EU Follow-on prospectus or of an EU Growth issuance prospectus may present or summarise information in the form of charts, graphs or tables. Where the summary of an EU Follow-on prospectus, or of an EU Growth issuance prospectus, contains the information referred to in the third subparagraph, point (c)(v), the maximum length referred to in the second subparagraph shall be extended by one additional side of A4-sized paper per guarantor, provided that the additional sides of A4-sized paper are dedicated to the description of the guarantors.’ ; it shall be presented and laid out in a way that is easy to read, using characters of readable size; it shall be written in a language that is clear, non-technical, concise and comprehensible for investors and in a style that facilitates understanding of the information; it shall be made up of the following sections in the following order: an introduction, containing all of the information referred to in paragraph 5 of this Article, including warnings and the date of approval of the EU Follow-on prospectus or of the EU Growth issuance prospectus; key information on the issuer; key information on the securities, including the rights attached to those securities and any limitations on those rights; key information on the offer of securities to the public or the admission to trading on a regulated market, or both; where there is a guarantee attached to the securities, key information on the guarantor and on the nature and scope of the guarantee. the following paragraphs are added: ‘14. ESMA shall develop guidelines on comprehensibility and on the use of plain language in summaries to ensure that the information provided therein is concise, clear and user friendly. 15. In order to ensure uniform conditions of application of this Article, ESMA shall develop draft implementing technical standards to specify the template and layout of the summaries, including the font size and style requirements. ESMA shall submit those draft implementing technical standards to the Commission by 5 December 2025. Power is delegated to the Commission to supplement this Regulation by adopting the implementing technical standards referred to in the first subparagraph in accordance with Article 15 of Regulation (EU) No 1095/2010.’ ;

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Source: EUR-Lex (Cellar) · retrieved 2026-10-17 · Text as adopted (Official Journal); later amendments are not incorporated in this text.