Wednesday April 6 2016

News Source: Global Exchanges

Focus: Trading Rules

Type: General




The European Securities and Markets Authority (ESMA) has updated its Questions and Answers document (Q&A) on prospectus related issues. The Q&A includes two new questions and answers on the capitalisation and indebtedness table and the validity of the base prospectus.

The new questions added are:

  • 98a) Is it possible for an issuer to continue an offer beyond the validity of a base prospectus, e.g. when the issuer files final terms prior to the end of the base prospectus validity and the offer period extends beyond the base prospectus validity? And;
  • 98b) Which conditions apply to continuing an offer beyond the validity of the base prospectus?

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