Recital 37

(37) The EU Growth issuance prospectus should be a harmonised document which is easy for issuers, especially SMEs, to draw up and easy for investors to read, irrespective of the jurisdiction within the Union where the securities concerned are offered to the public. Its format should therefore be standardised for both equity and non-equity securities and the information included in the EU Growth issuance prospectus should be disclosed in a standardised sequence. To further standardise and improve the readability of the EU Growth issuance prospectus and make it easier for investors to analyse it and navigate through it, a page limit should be introduced in the event that an EU Growth issuance prospectus is drawn up for issuances of shares. That page limit should also be effective in terms of providing the necessary information to enable investors to make informed investment decisions and efficient in terms of the lighter requirements as to the content of the EU Growth issuance prospectus. A page limit would, however, be inappropriate for the broad category of equity securities other than shares or non-equity securities, which encompass a wide range of different instruments, including complex ones. Furthermore, the following should be excluded from the page limit: the summary, any information incorporated by reference, and any information to be provided when the issuer has a complex financial history or has made a significant financial commitment, or in the case of a significant gross change.

← Recital 36 · All articles · Recital 38 →

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