ESMA_QA_1009
Status: ✅ Answer Published
Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1009
Regulatory Context
Regulation : PROSPECTUS
Level 1 Regulation: Prospectus Regulation 2017/1129
Level 2 Regulation: No information available
Level 3 Regulation: No information available
Topic: Passporting
Subject Matter: Quality of translations of passported prospectuses
Question
Submission Date: 12 July 2019
The translated version of the prospectus referred to in Article 27.3 of the Prospectus Regulation should contain the same information as the original version published in the home Member State. How should the issuer and the home Competent Authority react in case of significant mistakes or omissions of information contained in the translated version concerning the information contained in the approved prospectus?
ESMA Answer
Answer Date: 12-07-2019
[ESMA31-62-1258 Prospectuses Q&A 9.1d] Without prejudice to the fact that the person responsible for the prospectus is also responsible for any translation of the approved prospectus, if a translated version of a prospectus contains material mistakes or omissions of information which might cause investors to make a misleading assessment of the issuer and/or the securities, both the home Competent Authority and the issuer should cooperate with the host competent authority in finding the solution which better fits the specific case.
This document was automatically extracted from the ESMA EMIR Q&A database.