Luisa-Sophie Dany

Dec 21, 2024 | openlegalblogarchive.org | Peter Pears |James C. Taylor |Patrick Scholl |Robert M. Flanigan |Alexei Döhl |Whitney Joseph | +4 more

Christmas is coming early to the ESG bond market as the new EU Green Bond Standard applies from 21 December 2024. The new standard is conceptually similar to existing ICMA use of proceeds standards but quite different in the detail. Under the standard, net proceeds, subject to certain exceptions, must be allocated to EU taxonomy-aligned activities and Issuers must fulfil various reporting and information requirements in accordance with new pre and post issuance disclosure templates.

Nov 1, 2024 | jdsupra.com | Luisa-Sophie Dany |Patrick Scholl

A) BACKGROUND On October 8, 2024, the EU Council adopted the Listing Act – a regulation amending the Prospectus Regulation (EU) 2017/1129 – which was first proposed in December 2022 and then subjected to several rounds of negotiations.1 As the legal texts will enter into force 20 days after their publication in the Official Journal of the European Union and some specific provisions are only scheduled to enter into force 15 to 18 months after that date, the EU Commission expects the majority...

Oct 31, 2024 | mondaq.com | Patrick Scholl |Luisa-Sophie Dany

On October 8, 2024, the EU Council adopted the Listing Act – a regulation amending the Prospectus Regulation (EU) 2017/1129 – which was first proposed in December 2022 and then subjected to several rounds of negotiations.1 As the legal texts will enter into force 20 days after their publication in the Official Journal of the European Union and some specific provisions are only scheduled to enter into force 15 to 18 months after that date, the EU Commission expects the majority of the...

Jul 10, 2024 | mondaq.com | Luisa-Sophie Dany |Patrick Scholl

The Commission Delegated Regulation (EU) 2024/1700 supplementing Regulation (EU) 2017/2402 with regard to regulatory technical standards ("RTS") was adopted on June 18, 2024. These RTS set out the content, methods and presentation of information in relation to the principal adverse impacts ("PAIs") of the assets financed by the underlying exposures on sustainability factors for securitizations and the new rules will enter into force on 8 July 2024.

May 29, 2024 | lexology.com | Patrick Scholl |Luisa-Sophie Dany

The European Securities and Markets Authority (ESMA), published a combined report on its 2023 Common Supervisory Action (CSA) and the accompanying Mystery Shopping Exercise (MSE) on marketing disclosure rules under MiFID II. ESMA, together with the National Competent Authorities (NCAs), states that marketing communications and advertisements generally comply with MiFID II requirements.