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European passport
Under a simple notification procedure, the issuer may offer securities or list them in any other EEA Member State using a prospectus approved by the competent authority of one Member State. This, however, requires that a notification of the approval of the prospectus is delivered to the competent authority of such other EEA Member State.
The notification procedure operates so that, upon request of the issuer, FIN-FSA delivers a certificate of approval, together with a copy of the prospectus approved in Finland or its supplement, to the competent authority of another EEA Member State.
The authority of such other Member State has the right to require translation of the summary of the prospectus into one or more official languages of the state concerned. The translation of the summary must be attached to the notification issued by FIN-FSA. The issuer is responsible for both the translation of the summary and the authenticity of the translation.
The certificate of approval will be delivered to the authority of the other Member State within three business days from the date on which the request was made. If the request has been made at the same time as the prospectus or its supplement is submitted for approval, the certificate will be delivered within one business day from the approval of the prospectus or its supplement.
8 July 2009
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