On 15 December 2017, ESMA launched a consultation on draft regulatory technical standards (RTSs) under the new Prospectus Regulation. The draft RTSs set out requirements in relation to:

  • the key financial information that should appear in the summary of the prospectus;
  • data for the purposes of classification of a prospectus for ESMA's new online searchable database of approved prospectuses and how to ensure that such data is machine readable;
  • advertisements relating to public offers or admission to trading;
  • situations that require the publication of a supplement to a prospectus; and
  • publication of a prospectus.

The consultation will end on 9 March 2018, and can be accessed here:

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.