Author: Lucy Fergusson

New FCA Technical Note: ESMA prospectus guidance now incorporated

The Financial Conduct Authority has formally adopted the bulk of the European Securities and Markets Authority's guidance on the Prospectus Regulation into its own guidance on the UK prospectus regime. It has published four new Technical Notes of which the most significant is TN/619.1 "Guidelines on disclosure requirements under the Prospectus Regulation and Guidance on specialist issuers". It has also made amendments to 10 other Technical Notes and to one Procedural Note. The changes will make it easier to navigate prospectus guidance on the FCA's website.