On 27 November 2015, the FCA published a note regarding the upcoming changes to sending final terms to host competent authorities under the Prospectus Directive from 1 January 2016.
The note reiterates that from 1 January 2016, Article 5(4) of the Prospectus Directive will not require issuers to send final terms to the competent authority of host member states. Instead, the home competent authority must send final terms that have been filed with it as home competent authority to the competent authority of host member states.
The note can be found at:
http://www.fca.org.uk/firms/markets/ukla/information-for-issuers/changes-to-final-terms
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