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Our Legal Expert Group contributed to our response to the European Securities and Markets Authority's consultation on draft regulatory technical standards on specific situations that require publication of supplements to the prospectus. We support the intentions of ESMA to provide more certainty and is generally in agreement with the concept that certain circumstances and events should mandatorily trigger the publication of a supplementary prospectus. However, we noted that some of the detailed proposals need more clarity in order to avoid confusion.

Click here to download the response (pdf)

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