On 29 January 2021, the European Securities and Markets Authority (ESMA) published a table designed to facilitate the passporting of prospectuses and provide transparency for market participants regarding the use of languages by different competent authorities:
- Languages accepted for scrutiny of the prospectus. This shows the languages that each national competent authority accepts when acting as home or host competent authority for the purpose of the scrutiny of the prospectus.
- Languages accepted by a host competent authority. This shows the languages that each national competent authority accepts when acting as a host competent authority who receives a notification in accordance with Article 25 of the Prospectus Regulation, i.e. passport of prospectus.
- Translation requirements for summaries. Article 27 of the Prospectus Regulation allows the competent authority of the host Member State to require the summary of a prospectus to be translated into its official language(s) when prospectuses are being passported into its territory. ESMA provides information concerning each national competent authority when acting as host competent authority regarding whether or not a translation of the summary of a prospectus passported is required. In addition, ESMA clarifies which are the language(s) acceptable for the translation of the summary when requested.