ESMA adds new Q&A on profit forecasts

ESMA Guidelines and Recommendations
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Date: 29 March 2018

On 28th March 2018, the European Securities and Markets Authority (ESMA) updated its Questions and Answers document on prospectus related issues to include a new Q&A on profit forecasts.  

The new Q&A provides clarification on how to identify profit forecasts in the context of prospectuses, notably by explaining the definition included in the Prospectus Regulation No 809/2004 and by providing examples on what may or not constitute a profit forecast.