ESMA consults on disclosure requirements and updates guidelines and Q&As under the Prospectus Regulation

ESMA consults on disclosure requirements and updates guidelines and Q&As under the Prospectus Regulation 09 September 2026 Guidelines and Technical standards Prospectus Simplification and Burden Reduction The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published a package of materials under the Prospectus Regulation to reflect changes introduced by the Listing Act. The measures aim to promote supervisory convergence and contribute to ESMA’s simplification and burden-reduction efforts. The package includes: a Consultation Paper on the update of the Guidelines on disclosure requirements; updated Q&As; a Final Report on Guidelines for supplements that introduce new securities to a base prospectus (“product supplements”); and a Final Report on regulatory technical standards (RTS) on key financial information to be included in prospectus summaries. Consultation on disclosure Guidelines The Consultation Paper seeks stakeholder feedback on updates intended to help issuers and their advisers better understand expected disclosure under the revised Prospectus Regulation. They also simplify existing guidance b...