Traduction de «Swap d'obligations à valeur nominale égale » (Français → Anglais) :

1. The competent authorities of a Member State shall, in accordance with Articles 15 to 17, register every third-country auditor and audit entity that provides an audit report concerning the annual or consolidated accounts of a company incorporated outwith the Community whose transferable securities are admitted to trading on a regulated market of that Member State within the meaning of point 14 of Article 4(1) of Directive 2004/39/EC, except when the company is an issuer exclusively of debt securities admitted to trading on a regulated market in a Member State within the meaning of Article 2(1)(b) of Directive 2004/109/EC , the denomination per unit of which is at least EUR 50 000 or, in case of debt securities ...[+++]denominated in another currency, equivalent, at the date of issue, to at least EUR 50 000.

1. The competent authorities of a Member State shall register in accordance with Articles 15 to 17 all third country auditors and audit entities which provide an audit report concerning the annual or consolidated accounts of a company incorporated outside the Community and whose transferable securities are admitted to trading on a regulated market of that Member State within the meaning of Article 4(1), point 18 of Directive 2004/39/EC except when the company is an issuer exclusively of debt securities admitted to trading on a regulated market in a Member State within the meaning of Article 2(1)b of Directive 2004/109/EC (Transparency), the denomination per unit of which is at least EUR 50 000 or, in case of debt securities ...[+++]denominated in another currency, equivalent, at the date of the issue, to at least EUR 50 000.

To account for the inconsistency between the market valuation of transactions and nominal valuation of positions, the seller records Revaluations due to other price changes during the period in which the sale occurs, equal to the difference between the nominal and the transaction value, whilst the buyer records an opposite amount as Revaluations due to other price changes

3. The obligation set out in paragraph 1 shall not apply to issuers of non-equity securities whose denomination per unit amounts to at least EUR 50000.

3. The obligation set out in paragraph 1 shall not apply to issuers of non-equity securities whose denomination per unit amounts to at least EUR 50 000.

(ii) for any issues of non‑equity securities whose denomination per unit amounts to at least EUR 1000, or a similar amount customarily used as the minimum denomination per unit in non-equity issuance of other currencies that are widely used in international finance, and for any issues of non‑equity securities giving the right to acquire any transferable securities or to receive a cash amount, as a consequence of their being converted or the rights conferred by them being exercised, provided that the issuer of the non-equity securities is not the issuer of the underlying securities or an entity belonging to the group of the latter issuer, ...[+++] the Member State where the issuer has its registered office, or where the securities were or are to be admitted to trading on a regulated market or where the securities are offered to the public, at the choice of the issuer, the offeror or the person asking for admission, as the case may be;