ESMA Publishes Guidelines On Disclosure Requirements Under The Prospectus Regulation

This morning, the European Securities and Markets Authority (ESMA), published its final Guidelines on disclosure requirements under the Prospectus Regulation. The Guidelines provide guidance to market participants regarding the disclosure of financial and non-financial information in prospectuses. The aim of the Guidelines is to ensure that market participants have a uniform understanding of the relevant disclosure required in the various annexes included in the Delegated Regulation supplementing the Prospectus Regulation. The Guidelines will help those responsible for the prospectus (in the case of Maltese companies, the Board of Directors) to assess which disclosure is required and to promote consistency across the EU in how the annexes to the Delegated Regulation are applied.