Regulatory Alerts2010-12-20
Public offers and admission to trading of bonds on a regulated market and establishment of an accelerated procedure for approving prospectuses
The Belgian Financial Services and Markets Authority (CBFA) establishes an accelerated five-day approval procedure for prospectuses regarding public offers and admissions to trading of plain vanilla bonds. This expedited process is exclusively available to issuers with a positive three-year track record, continuous listing, and satisfactory compliance with periodic supervision and creditor obligations. The document also clarifies standard regulatory requirements for prospectus content, publication deadlines, and the mandatory prior approval of all related advertisements.
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