On 31 January 2019, the European Securities and Markets Authority (ESMA) published the 29th updated version of its Q&As on Prospectuses. Two new Q&As have been inserted at Questions 103 and 104:

  • Question 103 concerns the choice of Prospectus Directive home Member State for third country issuers in the event that the UK withdraws from the EU on 29 March 2019 with no withdrawal agreement in place; and
  • Question 104 similarly concerns the use of prospectuses approved by the UK in the eventuality that the UK leaves the EU without a withdrawal agreement.