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ESMA Q&As clarify prospectus and transparency rules in case of no-deal Brexit

The European Securities and Markets Authority (ESMA) has issued three Questions and Answers (Q&As) regarding the Prospectus Directive (PD) and the Transparency Directive (TD). The Q&As clarify the application of certain provisions in these Directives in case the UK withdraws from the European Union (EU) on 29 March 2019 with no withdrawal agreement in place (no-deal Brexit).


The Q&As may be accessed here.