The European Securities and Markets Authority (ESMA) has updated its Questions and Answers document (Q&A) on prospectus related issues. The Q&A includes two new questions and answers on advertisements and Alternative Performance Measures.
The first new question on advertisements addresses how the requirement to disseminate an amended advertisement at a minimum through the same means as the original advertisement should be applied when the advertisement in question is a roadshow.
The second question deals with the inclusion of Alternative Performance Measures (APMs) in information disclosed about the offer to the public or the admission to trading on a regulated market.
The ESMA statement and the Q&A can be found here.