On 1 July 2015, ESMA submitted to the European Commission its final report on draft RTS on prospectus related issues under the Omnibus II Directive. The report is based on the submissions it received from the consultation paper and suggests changes to the draft RTS in the areas of prospectus approval, incorporation by reference, publication of the prospectus and advertisements.
The European Commission now has three months to decide whether to adopt ESMA’s draft RTS
The full text of the report is available here:
http://www.esma.europa.eu/content/Draft-RTS-prospectus-related-issues-under-Omnibus-II-Directive
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
