FESE response to the ESMA consultation on disclosure requirements and updated guidelines under the Prospectus Regulation

FESE welcomes the opportunity to respond to the ESMA consultation on disclosure requirements and updated guidelines under the Prospectus Regulation (here).

We broadly support ESMA’s proposed amendments, including the deletion, updating and consolidation of existing Guidelines, and shares ESMA’s objective of promoting a level playing field between European and third-country issuers. FESE also provides targeted recommendations in Q3 and Q9, calling for greater clarity on the publication deadline for the most recent management report and for an explicit reference to IAS 24 regarding related-party transactions.