Issuers face big legal bills under EU prospectus plans – Icma
Esma's draft technical standards for structured products prospectuses, which form part of the Omnibus II directive, could leave issuers facing legal bills of up to €40,000 per product, Icma has warned
Proposals from European regulators that will force additional prospectus disclosures on structured products issuers could leave them facing legal bills of up to €40,000 per product, while offering little benefit to end-investors, according to the International Capital Markets Association (Icma).
Speaking to Risk.net after the publication of its response to draft rules from the European Securities and Markets Authority (Esma), which was submitted in December, the trade body criticised the
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