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{"id":332843,"date":"2025-02-11T11:40:50","date_gmt":"2025-02-11T10:40:50","guid":{"rendered":"https:\/\/ga-p.com\/?post_type=publicacion&p=332843"},"modified":"2025-02-11T11:40:55","modified_gmt":"2025-02-11T10:40:55","slug":"the-concept-of-transferable-securities-and-the-exclusion-of-municipalities-as-qualified-investors-for-the-purposes-of-prospectus-publications-cjeu-judgment-of-9-january-2025","status":"publish","type":"publicacion","link":"https:\/\/ga-pstg.servidortemporal.net\/en\/publications\/the-concept-of-transferable-securities-and-the-exclusion-of-municipalities-as-qualified-investors-for-the-purposes-of-prospectus-publications-cjeu-judgment-of-9-january-2025\/","title":{"rendered":"The concept of transferable securities and the exclusion of municipalities as qualified investors for the purposes of prospectus publications: CJEU judgment of 9 January 2025"},"content":{"rendered":"
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In this judgment, the CJEU considers that shares whose transfer is subject to approval by the board of directors can be considered transferable securities for the purposes of the European prospectus legislation and MiFID.<\/p>\n\n\n\n