Wednesday April 6 2016
News Source: Global Exchanges
Focus: Trading Rules
Type: General
Country: European Union
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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