Issuers to revamp risk factors as EU new framework arrives

The prospectus regulation (Regulation (EU) 2017/1129), which was published on June 30 2017 and partially entered into force 20 days later, will apply in full from July 21 2019, at which time the existing prospectus directive (PD) will cease to have effect. On March 27 2019, the European Securities and Markets Authority (Esma) published the first questions and answers on the prospectus regulation, followed two days later by its final report on guidelines on risk factors. The overhaul of the rul