Article 28

1. For the admission of securities, issued by financial institutions, to official listing, the listing particulars must contain:

(a) at least the information specified in Chapters 1, 2, 3, 5 and 6 of Schedules A or B of Annex I, according to whether the issue is of shares or debt securities, and

(b) information adapted, in accordance with the rules laid down for that purpose by national law or by the competent authorities, to the particular nature of the issuer of the securities in question and at least equivalent to that specified in Chapters 4 and 7 of Schedules A or B of Annex I.

2. Member States shall determine the financial institutions to be covered by this Article.

3. The arrangements laid down by this Article may be extended to:

(a) collective investment undertakings whose units are not excluded from the scope of this Directive by Article 3(2) (a),

(b) finance companies engaging in no activity other than raising capital to make it available to their parent company or to undertakings affiliated to that company, and

(c) companies holding portfolios of securities, licences or patents and engaging in no activity other than the management of such portfolios.