ESMA see small decrease in EEA prospectus approvals in 2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today publishes a joint Annual Report on Prospectus Activity and Sanctions for 2020.

ESMA found that the number of prospectus approvals across the European Economic Area (EEA) dropped by almost 5% compared to 2019, which appears to indicate that the Covid-19 crisis did not have the anticipated impact on approvals. In addition, only Belgium’s Financial Services and Markets...