Regulatory Alerts2013-12-20
Final Report on Draft Regulatory Technical Standards for Prospectus Supplements
The European Securities and Markets Authority issued this final report to establish Regulatory Technical Standards specifying situations requiring a supplement to a prospectus under the Prospectus Directive. The document details ESMA's response to stakeholder feedback and defines specific triggers for supplement publication, including changes in profit forecasts, control, or significant financial commitments. These standards aim to ensure consistent harmonization and legal certainty for market participants regarding the disclosure of significant new factors or material mistakes.
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