ESMA_QA_999
Status: ✅ Answer Published
Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/999
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: Profit Estimate
Question
Submission Date: 27 July 2021
How should the words “for which results have not yet been published” in Article 1(c) of Commission Delegated Regulation (EU) 2019/980 be understood?
ESMA Answer
Answer Date: 27-07-2021
[ESMA31-62-1258 Prospectuses Q&A 7.6] Answer provided by the European Commission in accordance with Article 16b(5) of the ESMA Regulation In relation to the definition of ‘profit estimate’, laid down in of Commission Delegated Regulation (EU) 2019/980[1], Article 1(c)[2], the publication of results for an annual financial period which has expired and “for which results have not been published” means the publication of the final figures as approved by the issuer.
[1] Commission Delegated Regulation (EU) 2019/980 of 14 March 2019 supplementing Regulation (EU) 2017/1129 of the European Parliament and of the Council as regards the format, content, scrutiny and approval of the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Commission Regulation (EC) No 809/2004 (OJ L 166, 21.6.2019, p. 26).
[2] Ibid “[…] a profit forecast for a financial period which has expired and for which results have not yet been published”.
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