[author: Luke Steele]
European Securities and Markets Authority (“ESMA“) has, on April 3, 2018, published its final report relating to technical advice under the Prospectus Regulation.
Within the report, ESMA states that the new Prospectus Regulation is designed to simplify the structure of the prospectus itself, and to reduce costs of issuing capital (alongside investor protection). ESMA also notes that the High-Level Expert Group on Sustainable Finance (“HLEG“) recommended the strengthening disclosure of all information relating to sustainability issues that integrate all environmental, social and governance (“ESG“) aspects.
The report has now been delivered to the European Commission (“EC“) whereupon, subject to its approval, the technical advice will form the basis for the delegated acts to be adopted by the EC by, at the latest, January 21, 2019.
To see the final report and press release, please click here.
