ESMA issues overview of European prospectus activity

The European Securities and Markets Authority (ESMA) has published today statistical data on the number of prospectuses approved and passported by the National Competent Authorities (NCAs) of the European Economic Area (EEA) within the EU prospectus regime.

The report shows that the number of prospectus approvals across the EEA has slightly decreased in 2015 compared to 2014, continuing the overall decreasing trend since 2009 as a result of the impact of the financial crisis. Almost three quarters of prospectuses approved in 2015 related to non-equity securities, slightly more than half of which were drawn up as base prospectuses. Passporting activity was relatively stable between 2014 and 2015 with ten countries accounting for the bulk of prospectuses passported across the EEA.

The prospectus report is published by ESMA on an annual basis and presenting prospectus activity from January to December 2015. The report also includes information about prospectus approval trends since 2006, content and structure of approved prospectuses and prospectus passporting activity.

Lavanya Rathnam

Lavanya Rathnam is an experienced technology, finance, and compliance writer. She combines her keen understanding of regulatory frameworks and industry best practices with exemplary writing skills to communicate complex concepts of Governance, Risk, and Compliance (GRC) in clear and accessible language. Lavanya specializes in creating informative and engaging content that educates and empowers readers to make informed decisions. She also works with different companies in the Web 3.0, blockchain, fintech, and EV industries to assess their products’ compliance with evolving regulations and standards.

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