ESMA_QA_2521
07/04/2025
Subject Matter
New exemptions for fungible securities in Prospectus Regulation.
Original question
Does the exemption in Article 1(5)(ba) PR concern all exchange offers or only exchange offers falling within the scope of the Takeover Directive?
Status: Forwarded to EC/Public Consultation/Other
Additional Information
Level 1 Regulation
Prospectus Regulation 2017/1129
Topic
Initial Public Offer/IPO