The Omnibus II Directive entered into force on 23 May 2014 and requires the European Securities and Markets Authority (ESMA) to submit draft regulatory technical standards (RTS) on procedures for approval of prospectuses, incorporation by reference of information, publication of prospectuses and dissemination of advertisements relating to offers to the public and admissions to trading to the European Commission by 1 July 2015. ESMA has now published a consultation paper setting out proposals for these RTS. The deadline for comments on the consultation paper is 19 December 2014.

View ESMA consults on prospectus related issues, 26 September 2014