The European regulator is seeking feedback from the industry to harmonises the supervision of product supplements within the EU Prospectus Regulation.
The European Securities and Markets Authority (Esma), the EU’s financial markets regulator and supervisor, has published a c onsultation paper (CP) asking for input on guidelines on supplements introducing new types of securities to a base prospectus. The aim of the guidelines is to harmonise the supervision of so-called ‘product supplements’ across national competent authorities (NCAs) as approaches to supervision in this area have diverged in the past. On one ha