{
  "node_id": "eu-prospectus-regulation-2017-1129",
  "title": "EU Prospectus Regulation 2017/1129 - Securities Offering and Admission to Trading Disclosure Framework",
  "domain": "Banking & Global Finance",
  "version": "1.0.0",
  "last_updated": "2026-04-26",
  "bluf": "Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (the Prospectus Regulation), applicable from 21 July 2019, replaced the Prospectus Directive (2003/71/EC) with a directly applicable EU Regulation. The Prospectus Regulation requires issuers to publish a prospectus approved by the national competent authority (NCA) when making a public offer of securities or seeking admission to trading on a regulated market within the EEA, unless an exemption applies. Key exemptions include offers to fewer than 150 persons per Member State, offers to qualified investors, offers of securities worth less than €1 million (and optionally up to €8 million under national exemption), and secondary issuance simplifications. The Regulation introduces the EU Growth Prospectus for SMEs and secondary issuers, a simplified prospectus for secondary issuances by listed companies, a standardised EU Recovery Prospectus format, and passporting of approved prospectuses across the EEA without further approval by host NCAs. ESMA maintains a database of approved prospectuses accessible to investors throughout the EEA.",
  "paywall": {
    "status": "LOCKED",
    "unlock_cost_usd": "0.01",
    "skyfire_id": "41779894-ece2-4163-9761-b3b1b76e19b0"
  },
  "crosswalks": {
    "_available_keys": [
      "eu_market_abuse_regulation",
      "eu_mifid_ii_markets",
      "eu_accounting_directive_2013_34"
    ],
    "_note": "Full crosswalk values included in vault response"
  },
  "dependencies": [
    "eu-market-abuse-regulation-596-2014",
    "eu-accounting-directive-2013-34"
  ],
  "primary_citations_count": 5
}