ESMA · ESMA_QA_2742 Answer Published

Prospectus QA exemption

Regulation
Prospectus Regulation 2017/1129
Topic
Public offer
Submitted
2025-12-19
Answered
2025-12-19

Question

Do subscription rights fall under the exemptions in Article 1(5)(a) and (ba) of the Prospectus Regulation?

Answer

Yes, subscription rights fall under these exemptions provided they relate to shares which themselves qualify under these exemptions.

This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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