Corporate weekly highlights—4 October 2018

Corporate weekly highlights—4 October 2018

This week’s edition of Corporate highlights includes news of NASDAQ being added as a qualifying market for the NEX Exchange’s fast track admission procedure, International Capital Markets Association’s response to the European Securities and Markets Authority (ESMA) consultation on risk factors under the Prospectus Regulation, changes to the AIM Disciplinary Procedures and Appeals Handbook coming into effect, and new ESMA MAR Q&As in relation to credit and financial institutions.

In this issue:

Useful information

Equity capital markets

NEX Exchange adds NASDAQ as qualifying market for purposes of fast track admission procedure

The NEX Exchange has announced that it has revised the list of qualifying markets for issuers wishing to apply for admission to the NEX Exchange Growth Market under the fast-track procedure. The NASDAQ Capital Market, NASDAQ Global Market and NASDAQ Global Select Market segments of NASDAQ US have been added to the list. Companies admitted to these markets are now eligible to apply under the fast-track procedure.

The list of qualifying markets maintained on the NEX Exchange website can be found here.

For further information, see LNB News 01/10/2018 24.

ICMA responds to ESMA consultation on risk factors under the Prospectus Regulation

The International Capital Markets Association (ICMA) has responded to the European Securities and Markets Authority (ESMA) consultation under the new Prospectus Regulation on proposed guidelines for national competent authorities (NCAs) to consider in their review of risk factors included in a prospectus (and whether disclosure is material and specific). ICMA says many of the draft guidelines appear to be flexible and proportionate, and the position set out in the consultation paper is a helpful starting point.

ICMA identify two key areas of concern, however:

  1. the need for

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