QA2018-113 - Securities T04.00 - C180

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Feb 01, 2024
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QA2018-113

Question


For the attribute Public / Private placement could you confirm that we should understand the notion of placement methodology to make the difference between public or private under Directive 2003-71-CE on issuance prospectus or do you intend to know the investors qualification under Directive 2014/65/UE MIF II ?


Response


In public placements, the entity will have publicized the issuance with specific timing for a bidding procedure. Private placements are on the contrary negotiated between individual parties acting either for their own account or for account of third parties.