ESMA publishes draft advice on Prospectus Contents – what’s next for debt disclosure?

The new Prospectus Regulation enters into force today, 20 July 2017.

ESMA has recently published draft advice in relation to the format of a prospectus, base prospectus and final terms, including the various annexes that set out the content requirements for a prospectus.

The European Commission will use this advice in developing the Level 2 delegated acts on prospectus content requirements.

Please
click here for our memo on the draft advice in the context of debt securities.