ESMA_QA_909
28/01/2021
Subject Matter
Updating of the prospectus
    Is the issuer entitled to use its prospectus to make several offers?
    ESMA Answer
    28-01-2021

      [ESMA 31-62-1258 Prospectuses Q&A nr 14.7]

      The following example should provide guidance for this particular situation:

      In October 2019, the issuer has an approved prospectus to make a public offer of securities at that time. In June 2020, the issuer decides to make a new offer of securities. As the October prospectus does not contain information concerning the new offer the issuer should produce a new prospectus.  This new prospectus could incorporate by reference information from the October prospectus in accordance with Article 19 of the PR.

      Status: Answer Published

      Additional Information

      Level 1 Regulation
      Prospectus Regulation 2017/1129
      Topic
      Public offer