ESMA updated today its Q&A on prospectus related issues by including two new questions and answers. The newly added items concern the format of the individual summary for several securities and the applicable registration document schedule where a listed issuer proposes to issue convertible or exchangeable debt securities where the underlying securities are the issuer’s shares. The purpose of the Q&A document is to promote common supervisory approaches and practices in the application of the Prospectus Directive (PD) and its implementing measures. This is achieved by providing responses to questions received by the general public and competent authorities in relation to the practical application of the PD. The Q&A is aimed at competent authorities who carry supervisory responsibility under the PD and aims at ensuring convergence in supervisory activities across the EU.
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