ESMA_QA_2121
27/03/2019
Subject Matter
Applicability of the Level 3 guidance relating to the Prospectus Directive after the entry into application of the Prospectus Regulation
Original question
To what extent do the ESMA Q&As relating to prospectuses and the ESMA
update of the CESR Recommendations apply to prospectuses drawn up in
accordance with the Prospectus Regulation?
update of the CESR Recommendations apply to prospectuses drawn up in
accordance with the Prospectus Regulation?
ESMA Answer
27-03-2019
Original language
[ESMA31-62-1258 Prospectuses Q&A 2.1]
ESMA Q&As relating to prospectuses1 and the ESMA update of the CESR recommendations2 should be applied to prospectuses drawn up under the Prospectus Regulation to the extent they are compatible with the Prospectus Regulation. The application of both documents can help to facilitate the review process and assist issuers when drawing up prospectuses.
1 ESMA31-62-780 – Q&As on prospectuses (29th updated version – January 2019).
2 ESMA/2013/319 – ESMA update of the CESR recommendations (20 March 2013).
Status: Answer Published
Additional Information
Level 1 Regulation
Prospectus Regulation 2017/1129
Topic
Content of prospectus