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ICMA Primary Market Handbook - Amendments/archive
Set out below are details of the most recent amendments and notes of any pending amendments not noted in the Handbook itself.



Potential/pending updates

  • Various aspects of the ICMA Primary Market Handbook are being revised in the light of the UK’s withdrawal from the European Union. This includes:
    • Appendix A8 Final terms and pricing supplement;
    • Appendix A13 Selling restrictions and legends (EEA PRIIPs Regulation, EEA Prospectus Directive, UK); and
    • Appendix A16 Sub-€100 denomination bonds under the EEA Prospectus Directive and retail cascade legends.
    Draft revised language is available from ICMA staff (legalhelpdesk@icmagroup.org) to ICMA members/Handbook subscribers on request.
  • Chapter 9 Stabilisation and Appendix A15 Stabilisation materials are being revised in light of the EU’s Market Abuse Regulation, which came into effect on 3 July 2016. Revised drafts are available from ICMA staff (legalhelpdesk@icmagroup.org) to ICMA members/Handbook subscribers on request.



Recent amendments


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 members 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 – New R3.10
Appendix A1, Agreement Among Managers (Versions 1 and 2) – Amended 2 and 7 (new clauses 14 and 17 respectively and related new definitions of Covered Affiliate, Covered Entity, Default Right and U.S. Special Resolution Regime) and amended 5.5 and 5A.2 (consequential re-numbering)
Appendix A13a, Selling restrictions (Hong Kong and Singapore) – Amended 2.3
(To note also consolidated changed pages for interim hard copy updating pending formal print run.)

The associated circular to members is available here (login details required).

September 2018 - Amendments to:
Chapter 5, Bookbuilding and launch – amended R5.1 and new 5.7B
Appendix A1, Agreement Among Managers (Versions 1 and 2) – new 5A, Version 1 – Asia Pacific (ex-Japan) subscription agreement amendments
Appendix A7, ECP documentation for Investment Grade issuers – amended Introduction
Appendix A8, Final terms and pricing supplement – selected pages
Appendix A13, Selling restrictions and legends (EEA PRIIPS Regulation, EEA Prospectus Directive, UK) – previously titled Selling restrictions (UK & EEA Prospectus Directive) – all pages
Appendix A16, Sub-€100,000 denomination bonds under the EEA Prospectus Directive and retail cascade legends – previously titled Sub-€100,000 denomination bonds in the EEA and retail cascade legends – selected pages
Appendix A17, Withholding tax – minor corrections

The associated circular to members is available here (login details required).



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

February 2017
July 2016
December 2015
September 2015
May 2015
March 2004


HANDBOOK INSERTS

December 1995
January 1996
December 1996
February 2001
December 2002
May 2003
September 2003
October 2004
October 2005
July 2007
September 2010   


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

ICMA AGM 2019

GBP SBP AGM 2019

ICMA Executive Education