Consultation on draft guidelines on risk factors under the Prospectus Regulation

Consultation on draft guidelines on risk factors under the Prospectus Regulation

from 13 July 2018 to 05 October 2018


This Consultation Paper may be of particular interest to investors, issuers, including issuers already admitted to trading on a regulated market or on a multilateral trading facility, offerors or persons asking for admission to trading on a regulated market as well as to any market participant who is affected by the new Prospectus Regulation.


In order to facilitate analysis of responses to the Consultation Paper, respondents are requested to follow the below steps when preparing and submitting their response:

  • Insert your responses to the questions in the Consultation Paper in the present response form.
  • Please do not remove tags of the type <ESMA_QUESTION_GRF_1>. Your response to each question has to be framed by the two tags corresponding to the question.
  • If you do not wish to respond to a given question, please do not delete it but simply leave the text “TYPE YOUR TEXT HERE” between the tags.
  • When you have drafted your response, name your response form according to the following convention: ESMA_GRF_nameofrespondent_RESPONSEFORM. For example, for a respondent named ABCD, the response form would be entitled ES-MA_GRF_ABCD_RESPONSEFORM.
  • Upload the form containing your responses, in Word format, to ESMA’s website ( under the heading ‘Your input – Open consultations’ à ‘Consultation on Guidelines on risk factors under the Prospectus Regulation’).


Document available for this Consultation
13/07/2018ESMA31-62-996Consultation Paper on Guidelines on Risk Factors


Activity Institution Download
Iñaki Viggers
Banking German Banking Industry Committee
Banking Swedish Bankers' Association
Banking AFME
Banking European Savings and Retail Banking Group
Banking Italian Banking Association
Banking French Banking Federation
Government, Regulatory and Enforcement CNMV Advisory Committee
Investment Services AMAFI
Investment Services Eumedion
Investment Services SSDA
Issuers Finance Denmark
Issuers Deutsches Aktieninstitut
Issuers DDV
Issuers EuropeanIssuers
Issuers Quoted Companies Alliance (QCA)
Legal and Accountancy Law Society of England and Wales
Legal and Accountancy Accountancy Europe
Legal and Accountancy De Brauw Blackstone Westbroek
Exchanges and Trading Systems Euronext
Others ICMA
Others AFEP
Regulated markets, exchanges & trading systems FESE