1. A market sounding comprises the communication of information, prior to the announcement of a transaction, in order to gauge the interest of potential investors in a possible transaction and the conditions relating to it such as its potential size or pricing, to one or more potential investors by:
(b) a secondary offeror of a financial instrument, in such quantity or value that the transaction is distinct from ordinary trading and involves a selling method based on the prior assessment of potential interest from potential investors;
(c) an emission allowance market participant; or
(d) a third party acting on behalf or on the account of a person referred to in point (a), (b) or (c).
1a. Where an offer of securities is addressed solely to qualified investors as defined in point (e) of Article 2 of Regulation (EU) 2017/1129 of the European Parliament and of the Council [Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospect
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