The European Securities and Markets Authority (ESMA) has found the peer review report of the procedures for the scrutiny and approval of prospectuses by national competent authorities (NCAs) to be satisfactory. However, according to the report published on Thursday, 21 July, there is still room for efficiency improvements in respect of some NCAs’ approval processes.
The Prospectus Regulation (PR) is an essential step and a building block of the Capital Markets Union (CMU), since it...