O dostępnych trybach emisji obligacji
On the available modes of bond issue
Author(s): Jarosław SzewczykSubject(s): Economy, Law, Constitution, Jurisprudence
Published by: Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego
Keywords: bonds; public offering; public offering of securities; regulation 2017/1129; mode of issue; private debt; securities;financial market;
Summary/Abstract: The subject of the article is the analysis of regulations regulating the permissible “modes” of bond issue in the context of the provisions of the Prospectus Regulation, i.e. 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 and repealing Directive 2003/71/EC. Since 21 July 2019, a new regime for public offering of securities has appeared in the Polish legal system. The new legal act not only changed the rules for drawing up prospectuses, but also revolutionized the concept of “public offering”. The new definition of public offering affects many areas of the capital market, including the regulations regulating the mode of issuing (offering) bonds to investors.
Journal: internetowy Kwartalnik Antymonopolowy i Regulacyjny (iKAR)
- Issue Year: 8/2019
- Issue No: 7
- Page Range: 19-25
- Page Count: 7
- Language: Polish