Eurlexa

Article 1Subject matterThis Regulation:(a)lays down uniform requirements for issuers of bonds who wish to use the designation "European Green Bond" or "EuGB" for their bonds that are made available to investors in the Union;(b)establishes a system to register and supervise external reviewers of European Green Bonds; and(c)provides optional disclosure templates for bonds marketed as environmentally sustainable and for sustainability-linked bonds in the Union.

Article 2DefinitionsFor the purposes of this Regulation, the following definitions apply:(1)"issuer" means an entity that issues bonds;(2)"sovereign" means an entity referred to in Article 1(2), point (b), of Regulation (EU) 2017/1129;(3)"taxonomy requirements" means the criteria for environmentally sustainable economic activities set out in Article 3 of Regulation (EU) 2020/852;(4)"regulated market" means a regulated market as defined in Article 4(1), point (21), of Directive 2014/65/EU of the European Parliament and of the CouncilDirective 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (OJ L 173, 12.6.2014, p. 349).;(5)"bond marketed as environmentally sustainable" means a bond whose issuer provides investors with a commitment or any form of pre-contractual claim that the bond proceeds are allocated to economic activities that contribute to an environmental objective;(6)"sustainability-linked bond" means a bond whose financial or structural characteristics vary depending on the achievement by the issuer of predefined environmental sustainability objectives;(7)"home Member State" means a home Member State as defined in Article 2, point (m), of Regulation (EU) 2017/1129;(8)"host Member State" means a host Member State as defined in Article 2, point (n), of Regulation (EU) 2017/1129;(9)"financial asset" means debt or equity, or a combination thereof;(10)"made available to investors in the Union" means:(a)an offer to the public within the Union; or(b)the admission to trading of bonds on a trading venue located in the Union;(11)"offer to the public" means an offer of securities to the public as defined in Article 2, point (d), of Regulation (EU) 2017/1129;(12)"trading venue" means a trading venue as defined in Article 4(1), point (24), of Directive 2014/65/EU;(13)"CapEx plan" means a CapEx plan as provided for in point 1.1.2.2, point (b), and point 1.1.3.2, point (b), of Annex I to Delegated Regulation (EU) 2021/2178;(14)"issuance costs" means costs that are directly related to the issuance of bonds, including costs incurred for professional advice, legal services, rating, external review, underwriting and placement;(15)"technical screening criteria" means the technical screening criteria set out in the delegated acts adopted pursuant to Article 10(3), 11(3), 12(2), 13(2), 14(2) or 15(2) of Regulation (EU) 2020/852;(16)"transitional economic activity" means an economic activity that complies with Article 10(2) of Regulation (EU) 2020/852;(17)"enabling economic activity" means an economic activity that complies with Article 16 of Regulation (EU) 2020/852;(18)"securitisation" means securitisation as defined in Article 2, point (1), of Regulation (EU) 2017/2402;(19)"originator" means an originator as defined in Article 2, point (3), of Regulation (EU) 2017/2402;(20)"securitisation special purpose entity" or "SSPE" means a securitisation special purpose entity or SSPE as defined in Article 2, point (2), of Regulation (EU) 2017/2402;(21)"securitised exposure" means an exposure included in a securitisation;(22)"securitisation bond" means a bond issued by an SSPE in accordance with Title II, Chapter 3;(23)"synthetic securitisation" means a synthetic securitisation as defined in Article 2, point (10), of Regulation (EU) 2017/2402;(24)"fossil fuel" mean fossil fuel as defined in Article 2, point (62), of Regulation (EU) 2018/1999.

Regulation (EU) 2023/2631 of the European Parliament and of the Council of 22 November 2023 on European Green Bonds and optional disclosures for bonds marketed as environmentally sustainable and for sustainability-linked bonds (Text with EEA relevance)