Issuers face big legal bills under EU prospectus plans – Icma

Trade body says issuers will face unnecessary legal and compliance bills under Esma plans

esma-building

Proposals from European regulators that will force additional prospectus disclosures on structured products issuers could leave them facing legal bills of up to €40,000 per product, while offering little benefit to end-investors, according to the International Capital Markets Association (Icma).

Speaking to Risk.net after the publication of its response to draft rules from the European Securities and Markets Authority (Esma), which was submitted in December, the trade body criticised the watchdo

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