Re 🌱 Sustainability-related #disclosure is sometimes included in advertisements but not in #prospectuses themselves
↪️
this disclosure should be included in prospectuses if it is material under the Prospectus Regulation
https://europa.eu/!4KTG9T
#SustainableFinanceEU https://t.co/srzZekgoOD

🐦🔗: https://n.respublicae.eu/ESMAComms/status/1678703478741368833

#Prospectuses admitted to trading in 🇪🇺 can be challenging for readers - documents may contain substantial repetition of text, broken links, generic & imprecise risk factors, or unclear language regarding the availability of working capital.

#ESMA study - https://europa.eu/!dwqdqg

🐦🔗: https://nitter.eu/ESMAComms/status/1597533319830175745

2/2 Key findings:
〰️ NCAs generally scrutinise #prospectuses in a satisfactory manner
〰️ notion of additional criteria that NCAs may apply during the scrutiny process lacks clarity
〰️ efficiency improvements in respect of some NCAs’ approval processes

https://europa.eu/!93Hr4v

🐦🔗: https://nitter.eu/ESMAComms/status/1550123406858760193