1. Without prejudice to Article 14(2) and Article 18(1), a prospectus shall contain the necessary information which is material to an investor for making an informed assessment of:
(a) the assets and liabilities, profits and losses, financial position, and prospects of the issuer and of any guarantor;
(b) the rights attaching to the securities; and
(c) the reasons for the issuance and its impact on the issuer.
That information may vary depending on any of the following:
(b) the type of securities;
(c) the circumstances of the issuer;
(d) where relevant, whether or not the non-equity securities have a denomination per unit of at least EUR 100 000 or are to be traded only on a regulated market, or a specific segment thereof, to which only qualified investors can have access for the purposes of trading in the securities.
2. The information in a prospectus shall be written and presented in an easily analysable, concise and comprehensible form, taking into acco
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