ESMA_QA_2753
21/01/2026
Subject Matter
Prospectus exemption
    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.
    Status: Forwarded to EC/Public Consultation/Other

    Additional Information

    Level 1 Regulation
    Prospectus Regulation 2017/1129
    Topic
    Public offer