Set out below are details of the most recent amendments and notes of any pending amendments not noted in the Handbook itself (when applicable).



Pending amendments


September 2021Notice on pricing references for new sterling Eurobonds.

January 2020 – The Handbook notes the potential for amendments, after the end of the Brexit transition period on 31 December 2020, to appendices A8, A12a, A13, A15 and A16 (and suggests ICMA members and Handbook subscribers can contact ICMA staff). In this respect, ICMA’s Other ICMA primary market documentation webpage (accessible by ICMA members and Handbook subscribers) was updated with 17 December 2020 draft materials (and related covering commentary) circulated to the ICMA Primary Documentation Group regarding: Selling restrictions and legends (EEA and UK); Retail cascade legends (UK); and Stabilisation materials.



Recent amendments


December 2020 – Publication of:
The associated circular to ICMA members / Handbook subscribers is available here (login details required), including consolidated changed pages for interim hard copy updating pending formal print run.

October 2020 – Publication of:
  • amendments to Chapter 5, Bookbuilding and launch – inserting a new item 5.13A (under the Book disclosure heading);
  • amendments to Appendix A7, ECP documentation for Investment Grade issuers – content updating for LIBOR cessation, the MiFID II product governance regime and BRRD Article 55; inclusion of drafting notes (notably regarding the EU Blocking Regulation, German Foreign Trade Regulation and the US QFC Stay Rules); and inclusion of other minor practice/drafting changes (notably service by email, LEI placeholders and rating agency / clearing system name changes).
The associated circular to ICMA members / Handbook subscribers is available here (login details required), including consolidated changed pages for interim hard copy updating pending formal print run.

August 2020 - Amendments to:
  • Chapter 9, Stabilisation – deleting notice of impending MAR changes and amending R9.3 pursuant to MAR implementation;
  • Appendix A5a, Deal announcements – condensing contents to fit better on trading screens and including prospectus hyperlink placeholders;
  • Appendix A15, Stabilisation materials – re-inserting content updated for (i) MAR implementation; (ii) UK FCA Handbook MAR2.4 repeal (pending re-introduction), (iii) PR implementation, (iv) 31 January 2020 Brexit transition period and (v) minor re-arrangements.
The associated circular to ICMA members / Handbook subscribers is available here (login details required), including consolidated changed pages for interim hard copy updating pending formal print run.

March 2020 – Publication of:
  • amendments to Appendix A8, Final terms and pricing supplement;
  • new Appendix A12a, Product governance (MiFID II) language;
  • amendments to Appendix A13, Selling restrictions and legends (EEA PRIIPS Regulation, EEA Prospectus Regulation, UK), previously entitled Selling restrictions and legends (EEA PRIIPs Regulation, EEA Prospectus Directive, UK);
  • amendments to Appendix A16, Sub-€100,000 denomination bonds under the EEA and UK Prospectus Regulation and retail cascade legends, previously entitled Sub-€100,000 denomination bonds under the EEA Prospectus Directive and retail cascade legends; and
  • amendments to various other references to the Prospectus Directive, the Market Abuse Directive and the EEA.
The associated circular to ICMA members / Handbook subscribers is available here (login details required). (To note also consolidated changed pages for interim hard copy updating pending formal print run (login details required).)

December 2019
- New Appendix A5a on deal announcements.

The associated circular to ICMA members / Handbook subscribers is available here (login details required).

July 2019 - New header notice and temporary deletion of main content of:
Appendix A8 Final terms and pricing supplement;
Appendix A13 Selling restrictions and legends (EEA/UK); and
Appendix A16 Sub-€100 denomination bonds and retail cascade legends.

March 2019 - Amendments to
Chapter 6 Allocation and allotment – Amended R6.4
Appendix A8 Final terms and pricing supplement – New header notice, deleted paragraph 3A and amended CFI/FISN options
Appendix A13 Selling restrictions and legends (EEA PRIIPS Regulation, EEA Prospectus Directive, UK) – New header notice, amended paragraph 1.1
Appendix 13a Selling restrictions (Hong Kong and Singapore) – Amended paragraph 2.3 (new #(5))
Appendix 16 Sub-€100,000 denomination bonds under the EEA Prospectus Directive and retail cascade legends – Amended header notice

The associated circular to ICMA members / Handbook subscribers is available here (login details required), including the actual amendments. It excludes (i) redated overleaf pages, (ii) consequential overflow of pre-existing text to prior/following pages and (iii) consequential page numbering impacts – all of which are redated as “Insert 2019-03” for print purposes in the online version. (To note also consolidated changed pages for interim hard copy updating pending formal print run.)

December 2018 - Amendments to: Chapter 3, Prior to transaction announcement; Appendix A1, Agreement Among Managers (Versions 1 and 2); and Appendix A13a, Selling restrictions (Hong Kong and Singapore).

The associated circular to ICMA members / Handbook subscribers is available here (login details required), including consolidated changed pages for interim hard copy updating pending formal print run.



Hard copy updates

 
The hard copy ICMA Primary Market Handbook was re-printed in full and distributed to ICMA members and ‘hard copy update service’ subscribers following the launch of the revised Handbook in September 2015 (see above).
 
Since then, the following updates have been printed and distributed (or will be distributed shortly) to ICMA members and ‘hard copy update service’ subscribers:
  • Update 1: All pages are marked “Insert 2015-12” in the footer. The Filing Guidance is available here.
  • Update 2: All pages are marked “Insert 2016-07” in the footer. The Filing Guidance is available here.
  • Update 3: All pages are marked “Insert 2018-09” in the footer. The Filing Guidance is available here.



Archive



Set out below, for ICMA members and Handbook on-line subscribers, are selected archived inserts and ‘snapshots’ relating to past editions of the Handbook (login details required).

HANDBOOK SNAPSHOTS

October 2020
August 2020
March 2020

December 2019
March 2019
February 2017
July 2016
December 2015
September 2015
May 2015
December 2013
April 2012
April 2011
November 2010
November 2006
October 2005
October 2004
March 2004
September 2003
December 2002
June 2001
January 2000
December 1996
February 1993

HANDBOOK INSERTS
March 2020 (soft-copy only insert)
September 2010   
July 2007
October 2005
October 2004
September 2003
May 2003
December 2002
February 2001
December 1996
January 1996
December 1995

26 May 2005
Pro Forma Final Terms - Wholesale

26 May 2005
Pro Forma Final Terms - Retail

26 May 2005
Prospectus Directive Compliant Selling Restrictions - Published Text May 2005

27 March 2003
ECP Conventions


4 December 2002
Recommendation 4.6

4 December 2002
Recommendation 1.5

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