The Italian Securities Commission has announced that from 15 June 2026 prospectus and supplement reviews for equity and non-equity securities will move to Pr.I.M.E., a single platform for handling those procedures and transmitting documents to ESMA. From the same date, the revised Article 9(1) of the Issuers' Regulation will repeal the requirement to deposit approved prospectuses and supplements with Consob. Pr.I.M.E. will replace Siproem and Deproem, will require new credentials, and will automatically migrate proceedings already under review. The old systems will be unavailable on 12 June 2026 to allow the migration. Once the filing obligation is removed, the last version of the prospectus or supplement sent through Pr.I.M.E. for approval will be the version that Consob forwards to ESMA after approval, and it must include the approval date entered by the competent office and all required metadata. The deposit requirement remains for prospectuses and supplements of closed-end collective investment undertakings, which will continue to be filed through Deprof, and exemption documents listed on the dedicated page may also be submitted through Pr.I.M.E. from 15 June 2026.
Italian Securities Commission (Consob)2026-06-01
Italian Securities Commission launches PRIME prospectus platform from 15 June 2026 and removes filing of approved prospectuses and supplements
From 15 June 2026, the Italian Securities Commission will migrate prospectus and supplement reviews for equity and non-equity securities to Pr.I.M.E., a single platform that will also transmit approved documents to the European Securities and Markets Authority. The move repeals the requirement to deposit approved prospectuses and supplements with the authority, except for closed-end collective investment undertakings, which will continue to file via Deprof, while certain exemption documents may also be submitted through Pr.I.M.E.