The EU’s missed opportunity

Author: IFLR Correspondent | Published: 5 Dec 2019

The latest from Esma and the European Commission The main bulk of the new Prospectus Regulation is quite recent, with 90% of the new regulation applicable from July 21 2019 Thanks to consultation papers from Esma, there has been a great collection of feedback since 2017 It's still too early to assess the impact of the risk factor requirements One of the main points of the regime was the extension to cover securities. Regulators want to avoid the risk of a spill over effect for retail investors – the point is for them to benefit, and have a full prospectus available. Panellists not aware of what the market appetite will be like yet Esma is confident that the way things are currently shaped will guarantee investor protection. Although other Q&As are currently in the pipeline, as there are other topics the regulator would like to address There has been some discussion around including environmental, social and...