ESMA Publishes Updated Q&A On The Prospectus Directive

ESMA updated today its Q&A on prospectus related issues by including two new questions and answers. The purpose of the document is to promote common supervisory approaches and practices in the application of the Prospectus Directive (PD) and its implementing measures. This is achieved by providing responses to questions received by the general public and competent authorities in relation to the practical application of the PD.

The Q&A is aimed at competent authorities who carry supervisory responsibility under the PD and aims at ensuring convergence in supervisory activities across the EU.