Company: GIFLF
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001104659-25-034245
Chunk: 264

Company: Grifols SA
Filing Date: 2025-04-11
Form: 20-F
Item: Item 9
Chunk 264
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 a number of inconsistencies. In order to develop the Securities Market Act, the following regulations were approved: (i) Royal Decree 813/2023, on the legal regime of investment services companies and other entities that provide investment services (effective on November 29, 2023); (ii) Royal Decree 814/2023, on financial instruments, admission to trading, registration of negotiable securities and market infrastructures (effective on November 29, 2023, except for the provision contained in article 111, which entered into force on November 10, 2023); and (iii) Royal Decree 815/2023, in relation to the official registries of the National Securities Market Commission, cooperation with other authorities and supervision of investment services companies (effective on November 10, 2023). 
On October 8, 2024, the EU Council approved the Listing Act, a legislative package designed to simplify and enhance the attractiveness of capital market access within the European Union, especially for small and medium-sized enterprises. The Listing Act updates various disclosure requirements and broadens the available exemptions from the obligation to produce a prospectus. While many of the changes under the Listing Act took effect on December 4, 2024, some provisions will not be applicable until March 5, 2026 or June 5, 2026.

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D.   Selling Shareholders
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Not Applicable.

E.   Dilution
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Not Applicable.

F.   Expense of the Issue
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Not Applicable.