Regulatory Alerts2025-12-22
Update on AFM Prospectus Supervision: Key Points for 2026
The Dutch Authority for the Financial Markets (AFM) outlines specific supervisory priorities for 2026, focusing on compliance with the EU Listing Act amendments effective June 5, 2026, and the transition to new simplified prospectus regimes by March 5, 2026. The regulator emphasizes the need for accurate risk factor disclosures, consistent sustainability reporting aligned with CSRD, and detailed, objective explanations of artificial intelligence impacts within prospectuses. Additionally, the AFM requests early notification for European Green Bond issuances and advises issuers to submit applications well in advance of regulatory deadlines to accommodate potentially longer review periods during the transition.
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