ESMA Q&As clarify prospectus and transparency rules in case of no-deal Brexit

Securities Markets Regulation

Date: 04 February 2019

On 31 January 2019, the European Securities and Markets Authority (ESMA) issued three Questions and Answers (Q&As) regarding the Prospectus Directive (PD) and the Transparency Directive (TD). 

The Q&As clarify the application of certain provisions in these Directives in case the UK withdraws from the European Union (EU) on 29 March 2019 with no withdrawal agreement in place (no-deal Brexit). These Q&As will only apply in case of a no-deal Brexit.