FSMA practical guide to information notes

The FSMA published a practical guide providing guidance on the legal requirements for publishing information notes, together with FSMA’s expectations, recommendations, and interpretations in this regard.
The guide provides a comprehensive overview of the legal requirements and best practices for publishing information notes to help issuers and offerors of investment instruments comply with regulations and provide investors with information to make informed decisions.
The guide outlines the legal requirements defined in Article 10 of the Law of 11 July 2018 (Prospectus Law) on public offerings of investment instruments and the admission of investment instruments to trading on regulated markets. The guide also provides guidance on market practices and consumer protection, which are covered in Book VI of the Economic Law Code.
The guide emphasizes the importance of providing quality information in information notes, which are intended to provide investors with concise information about investment opportunities. The guide provides guidance on the content of information notes, including the required information on the issuer, the investment instrument, and the risks associated with the investment.
The guide also provides guidance on the publication of information notes, including the timing of publication and the requirements for communication with investors before publication. The guide emphasizes the importance of providing investors with timely and accurate information and of avoiding misleading or deceptive information.