ESMA_QA_2753
21/01/2026
Subject Matter
Prospectus exemption
Original question
Is a prospectus required under Article 1(5)(ba) of the Prospectus Regulation (PR) for reverse acquisitions?
Unlike Article 1(6b) of the PR, which requires a prospectus for reverse acquisitions within the meaning of paragraph B19 of IFRS 3, Business Combinations, Article 1(5)(ba) of the PR does not explicitly address this issue.
Unlike Article 1(6b) of the PR, which requires a prospectus for reverse acquisitions within the meaning of paragraph B19 of IFRS 3, Business Combinations, Article 1(5)(ba) of the PR does not explicitly address this issue.
Status: Forwarded to EC/Public Consultation/Other
Additional Information
Level 1 Regulation
Prospectus Regulation 2017/1129
Topic
Public offer