- The disclosure requirements involving at least shares, bonds and other securities;
- The identification of the documents that can be incorporated by reference in a prospectus and used for the annual updating requirements;
- The availability of the prospectus in an electronic format and via paper-based means of communication.
The deadline for submitting responses to the consultation paper is 31 December 2002. Responses should be addressed to Mr. Fabrice Demarigny, Secretary General, CESR, by email at secretariat@europefesco.org. Given the 31 March 2003 deadline set by the European Commission for receipt of CESR's advice, CESR cannot guarantee that due consideration will be given to responses received after 31 December 2002. CESR will publish all responses unless have specifically been asked to keep a response confidential. As specified in the consultation paper, an open hearing will be held in Paris in November.
The consultation paper does not deal with all the issues raised in the provisional request by the Commission because the tight deadline has not made it possible to set out disclosure requirements for every type of security and issuer. CESR will consult on many of the outstanding disclosure requirements in an "Addendum to the consultation paper" which CESR plans to produce before the end of this year with a consultation period shorter than three months in order to meet the 31 March 2003 deadline.