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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
ANNEX 21

ANNEX 21

GUARANTEES
SECTION 1NATURE OF THE GUARANTEE

A description of any arrangement intended to ensure that any obligation material to the issue will be duly serviced, whether in the form of guarantee, surety, Keep well Agreement, Mono-line Insurance policy or other equivalent commitment (guarantees) and their provider (guarantor).

Such arrangements encompass commitments, including those under conditions, to ensure that the obligations to repay non-equity securities and/or the payment of interest are fulfilled and their description shall set out how the arrangement is intended to ensure that the guaranteed payments will be duly serviced.

SECTION 2SCOPE OF THE GUARANTEE
Details shall be disclosed about the terms and conditions and scope of the guarantee. These details should cover any conditionality on the application of the guarantee in the event of any default under the terms of the security and the material terms of any Mono-line Insurance or Keep well Agreement between the issuer and the guarantor. Details must also be disclosed of any guarantor’s power of veto in relation to changes to the security holder’s rights, such as is often found in Mono-line Insurance.
SECTION 3INFORMATION TO BE DISCLOSED ABOUT THE GUARANTOR
The guarantor must disclose information about itself as if it were the issuer of that same type of security that is the subject of the guarantee.
SECTION 4DOCUMENTS AVAILABLE
Indication of the website where the public may have access to the material contracts and other documents relating to the guarantee.