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WpPG (EN)

Securities Prospectus Act
WpPG-EN · official text on Gesetze im Internet (German original) — English text is eucite.com's own translation

🇩🇪 Auf Deutsch lesen (original text)

This English text is a careful, terminology-researched translation prepared by eucite.com — not an official government translation. The German original linked above is the legally authoritative text.

Sections

Division 1 Scope and Definitions

• Section 1 — Scope
• Section 2 — Definitions

Division 2 Exemptions from the Obligation to Publish a Prospectus and Provisions on the Securities Information Sheet

• Section 3
• Section 4 — Securities information sheet; authorisation to issue statutory instruments
• Section 5 — Transmission of the securities information sheet to the Bundesanstalt; deadline and form of publication; publication by the Bundesanstalt
• Section 6
• Section 7 — Advertisements for offers for which a securities information sheet must be published

Division 3 Prospectus Liability and Liability in Respect of Securities Information Sheets

• Section 8 — Persons responsible for the prospectus
• Section 9 — Liability for a defective stock exchange admission prospectus
• Section 10 — Liability for another kind of defective prospectus
• Section 11 — Liability for a defective securities information sheet
• Section 12 — Exclusion of liability for a defective prospectus
• Section 13 — Exclusion of liability for a defective securities information sheet
• Section 14 — Liability for a missing prospectus
• Section 15 — Liability for a missing securities information sheet
• Section 16 — Ineffective limitation of liability; other claims

Division 4 Competent Authority and Procedure

• Section 17 — Competent authority
• Section 18 — Powers of the Bundesanstalt with regard to the requirements of Regulation (EU) 2017/1129 and of this Act
• Section 18a — Powers of the Bundesanstalt with regard to the requirements of Regulation (EU) 2023/2631
• Section 19 — Duty of confidentiality
• Section 20 — Immediate enforceability

Division 5 Other Provisions

• Section 21 — Recognised language
• Section 22 — Electronic submission, retention
• Section 23 — Notifications to the central European access point
• Section 24 — Regulatory fine provisions
• Section 24a — Regulatory fine provisions relating to Regulation (EU) 2023/2631
• Section 25 — Measures in the event of infringements
• Section 26 — Data protection
• Section 27 — Transitional provisions on the repeal of the Sales Prospectus Act
• Section 28 — Transitional provisions on the Act on the Further Implementation of the EU Prospectus Regulation and Amending Financial Markets Acts
• Section 28a-30
• Section 31
• Section 32