ESMA Consults on draft RTS for prospectuses

Securities Markets Regulation

Date: 02 January 2018

On 15 December 2017, the European Securities and Markets Authority (ESMA) launched a consultation on draft Regulatory Technical Standards (RTS) under the new Prospectus Regulation (Regulation (EU) 2017/1129). 

These RTSs set out a number of requirements concerning the following topics:


• The key financial information that should appear in the summary of the prospectus;
• Data and machine readability of information to be sent to ESMA in relation to the storage and mechanism providing the public with free of charge access and search functions;
• Advertisements relating to public offers or admission to trading;
• Situations which require the publication of a supplement to a prospectus; and
• Publication of a prospectus.


In addition to market participants affected by the new Prospectus Regulation, ESMA would in particular encourage investors, issuers, offerors or persons asking for admission to trading on a regulated market to respond to this consultation paper.