ESMA_QA_2742

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/2742


Regulatory Context

Regulation : PROSPECTUS

Level 1 Regulation: Prospectus Regulation 2017/1129

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: Public offer

Subject Matter: Prospectus QA exemption


Question

Submission Date: 19 December 2025

Do subscription rights fall under the exemptions in Article 1(5)(a) and (ba) of the Prospectus Regulation?


ESMA Answer

Answer Date: 19-12-2025

Yes, subscription rights fall under these exemptions provided they relate to shares which themselves qualify under these exemptions.


This document was automatically extracted from the ESMA EMIR Q&A database.