European Union:
Prospectus Directive: ESMA's Final Report On Regulatory Technical Standards Under Omnibus II Directive
04 November 2015
Shearman & Sterling LLP
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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
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