ESMA consults on disclosure requirements and updates guidelines and Q&As under the Prospectus Regulation

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The European Securities and Markets Authority (ESMA) has published a package of materials under the Prospectus Regulation reflecting reforms introduced by the Listing Act. The package features a consultation paper on updated disclosure guidelines, revised Q&As, and final reports covering product supplements and regulatory technical standards for prospectus summaries. Stakeholders are invited to submit feedback on the disclosure consultation until 9 November 2026.