Public Offer

Offer of securities to the public

In accordance with Article 2 d) 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 („Regulation 2017/1129“) offer of securities to the public’ means a communication to persons in any form and by any means, presenting sufficient information on the terms of the offer and the securities to be offered, so as to enable an investor to decide to purchase or subscribe for those securities. This definition also applies to the placing of securities through financial intermediaries.

Národná banka Slovenska presents its position on the perception of the offer of securities as a public offer and, consequently, the obligation to make an offer of securities to the public only with an approved prospectus in NBS guidelines Metodické usmernenie útvarov dohľadu Národnej banky Slovenska z 25. januára 2021 č. 1/2021 k verejnej ponuke cenných papierov.

Securities shall only be offered to the public after prior publication of a prospectus in accordance with Regulation 2017/1129.

This regulation entered into force 21. July 2019:

• Commission Delegated Regulation (EU) 2019/979 of 14 March 2019 supplementing Regulation (EU) 2017/1129 of the European Parliament and of the Council with regard to regulatory technical standards on key financial information in the summary of a prospectus, the publication and classification of prospectuses, advertisements for securities, supplements to a prospectus, and the notification portal, and repealing Commission Delegated Regulation (EU) No 382/2014 and Commission Delegated Regulation (EU) 2016/301
• Commission Delegated Regulation (EU) 2019/980 of 14 March 2019 supplementing Regulation (EU) 2017/1129 of the European Parliament and of the Council as regards the format, content, scrutiny and approval of the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Commission Regulation (EC) No 809/2004

Commission Delegated Regulation 2019/980 regulates the obligation to submit, adopt and process applications for approval of the prospectus by electronic means. The National Bank of Slovakia uses a mailbox verejna.ponuka@nbs.sk for this purpose.

Particulars of an application for prospectus approval are stipulated in Article 16 of Supervision Act and in NBS guidelines „Metodické usmernenie útvarov dohľadu nad finančným trhom Národnej banky Slovenska z 22. marca 2021 č. 3/2021 k procesu preskúmavania a schvaľovania prospektov“.

Lists of approved and notified prospectuses can be found here.