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New provisions on public offerings in Greece

CAPITAL MARKETS LAW

New provisions on public offerings in Greece

Articles 57 to 68 of the recently enacted Law 4706/2020 (the Prospectus Provisions) repealed articles 1-26 of Law 3401/2005 (which had transposed in Greece Directive 2003/71/EC) supplementing the new framework in relation to public offerings in Greece already established by Regulation 2017/1129/EU (the Prospectus Regulation).

The Prospectus Provisions are in force as of 17.07.2020.

The scope of the Prospectus Provisions is limited since the vast majority of the provisions of the Prospectus Regulation are directly enforceable in EU jurisdictions and few matters on which Member – States may exercise their discretion.

 

 

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