Esma rows back on Prospectus Directive proposals

Provisions on documentation eased but industry says more work needed on advertising rules

Prospectus Directive: Esma has scrapped most onerous proposals

European regulators have scrapped onerous prospectus requirements for structured products – which issuers say could have cost them as much as €40,000 ($44,400) in legal fees for each product – in updated draft regulatory technical standards (RTSs) published on July 1. 

In its final report on the draft RTSs on prospectus-related issues under the Omnibus II Directive, the European Securities and Markets Authority (Esma) set out rules covering prospectus approval, publication and the advertising of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: