Prospectus regime: ESMA publishes 15th edition of its Q&As

The European Securities and Markets Authority published on 2 July 2012 the fifteenth updated version of its “Question and Answers on Prospectuses“. The purpose of the Q&As is to “promote common supervisory approaches and practices in the application of the PD [the Prospectus Directive] and its implementing measures. It does this by providing responses to questions posed by the general public and competent authorities in relation to the practical application of the PD”.