ESMA_QA_991

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/991

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Regulatory Context

Regulation : PROSPECTUS

Level 1 Regulation: Prospectus Regulation 2017/1129

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: Financial reporting

Subject Matter: Item 18.1.1 of Annex I of the Commission Delegated Regulation (EU) 2019/980

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Question

Submission Date: 12 July 2019

Item 18.1.1 requires issuers to disclose audited historical financial information covering the latest three financial years and the audit report in respect of each year. If historical information has not been restated and the issuer decides to present the historical financial information for the last three years in a columnar format, and an accountant’s report is provided for the purposes of the prospectus, would this meet the requirements of the Prospectus Regulation?

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ESMA Answer

Answer Date: 12-07-2019

[ESMA31-62-1258 Prospectus Q&A 7.1] The issuer has the right to choose the format of the historical financial information as far as the minimum information required by item 18.1.1 is included.

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