• ESMA has published a new version of the Frequently asked questions regarding Prospectuses.
  • ESMA has published a call for evidence to establish what subjects should be included in rules implementing the amended Prospectus Directive. ESMA will hold a formal consultation on the implementing rules in the summer.
  • Guidelines for key information document

EU member states must implement the amended UCITS Directive (2009/65/EC) and implementing regulation (583/2010). Pursuant to article 36 of the implementing regulation, structured UCITS must include at least three scenarios of the UCIT’s potential performance in the key information document. ESMA has published guidance in order to harmonise the selection and presentation of those scenarios.

  • Call for evidence on the procedure for endorsement of credit ratings

In December 2010, the European Parliament adopted an amendment of the Regulation on credit rating agencies (1060/2009). The amending regulation provides that ESMA must publish guidance by 7 July 2011 on the criteria on the basis of which rating agencies established and licensed in the EU can endorse ratings issued in third countries. ESMA has published a call for evidence in order to take stock of the issues to be included in the consultation to be held later this year.