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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
Article 1

Article 1 — Definitions

For the purposes of this Regulation, the following definitions shall apply:

  1. asset-backed securities means non-equity securities which either:
    1. represent an interest in assets, including any rights intended to ensure the servicing of those assets, the receipt or the timely receipt by holders of those assets of the amounts payable under those assets;
    2. are secured by assets and the terms of the securities provide for payments calculated by reference to those assets;
  2. equivalent third country market means a third country market which has been deemed equivalent to a regulated market in accordance with the requirements set out in third and fourth subparagraphs of Article 25(4) of Directive 2014/65/EU of the European Parliament and of the Council(1);
  3. profit estimate means a profit forecast for a financial period which has expired and for which results have not yet been published;
  4. profit forecast means a statement that expressly or by implication indicates a figure or a minimum or maximum figure for the likely level of profits or losses for current or future financial periods, or contains data from which a calculation of such a figure for future profits or losses can be made, even if no particular figure is mentioned and the word profit is not used;
  5. significant gross change means a variation of more than 25 % to one or more indicators of the size of the issuer’s business.