Guidelines On Risk Factors Under The Prospectus Regulation

CySEC has issued Circular C.344 (available in English here) addressed to those persons who are   responsible for the preparation and issuing of an investment prospectus. Circular C.344 adopts the European Securities and Markets Authority (ESMA) guidelines, on risk factors under the Prospectus Regulation {Regulation (EU) 2017/1129 of the European Parliament and of the Council, of 14 June 2017, on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market and repealing Directive 2003/71/EC 'Regulation (EC) 2017/1129')}.

These guidelines are addressed to the Competent Authorities designated by each Member State in accordance with Article 31 of the Regulation (EU) 2017/1129 and apply from 4 December 2019. CySEC is the Competent Authority for Cyprus. It should be noted that, in order to expedite the approval process,  persons responsible for creating a prospectus should also consider these guidelines when