On 7 March 2014, the Commission published a delegated regulation on the specific situations that require the publication of a supplement to a prospectus. The regulation essentially endorses ESMA's draft RTS on this as reported in our January 2014 update, with minor drafting and clarifying amendments.
The regulation will now have to be approved by the European Parliament and the Council, and if approved, will be published in the Official Journal. The regulation will enter into force 20 days after publication.
The draft delegated regulation is available at: http://ec.europa.eu/transparency/regdoc/rep/3/2014/EN/3-2014-1392-EN-F1-1.Pdf
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
