Into the new—the final instalment of EU Prospectus Regime changes

They explore how these reforms reshape the prospectus regime framework, the significance of the Level 2 measures, and points to consider in practice.

Looking at the changes primarily from a debt capital markets perspective, the episode covers:

• The new ordering requirement for some standalone non-equity prospectuses under Article 24a, including its scope and practical implications
• The consolidation of the retail and wholesale disclosure annexes into streamlined combined Annexes 7 and 14, and associated disclosure alleviations
• The new ESG disclosure annex (Annex 23)
• Retail-specific changes to the summary provisions under Article 7
• A recap of the Follow-on Prospectus regime under Article 14a