(a) An issuer whose financial year begins on or after 20 January 2007 shall comply with Regulations 4 to 8 on and from 13th June 2007.
(b) An issuer whose financial year begins before 20 January 2007 shall comply with Regulations 4 to 8 on and from the beginning of its next financial year.
(a) This paragraph applies to an issuer of debt securities which were admitted to trading on a regulated market in a Member State before 1 January 2005 if the home Member State had decided to allow such an issuer to benefit from the provisions of Article 27 of Directive 2001/34/EC of the European Parliament and of the Council of 28 May 2001 at the point of admission of those securities.
(b) For the financial years falling within the period for which this paragraph applies, such an issuer need not disclose its half-yearly financial report in accordance with Regulations 6 to 8.
(c) This paragraph applies for the period of 10 years following 1 January 2005.
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