Final Draft Technical Standards Under The EU Prospectus Regulation Published

On July 17, 2018, ESMA published a final report setting out RTS supplementing the Prospectus Regulation, which will apply fully across the EU from July 21, 2019. ESMA consulted on draft RTS in December 2017. The final draft RTS cover:

• the content and format of key financial information for the summary;
• the data necessary for the classification of prospectuses and the practical arrangements to ensure machine readability of that data;
• advertisements;
• situations requiring a supplement to the prospectus to be published;
• requirements on the publication of the prospectus; and
• technical arrangements for the notification portal for passporting prospectuses.

ESMA has submitted the final draft RTS to the European Commission for endorsement.