The Dutch Authority for the Financial Markets has published a letter setting out the main points it will focus on when assessing (base) prospectuses and supplements in 2026, aiming to help issuers and keep approvals efficient amid an expected surge in update applications in early 2026. The AFM flags that amendments to the prospectus regime under the European Union Listing Act have applied since December 2024, with further changes taking effect on 5 March 2026 and 5 June 2026 that will materially affect both prospectus content and the approval process. It also asks issuers planning to submit a prospectus for European green bonds for the first time to notify the AFM early of their plans and target approval date, noting that these reviews may take longer than usual because the assessment approach is still relatively new.
Dutch Authority for the Financial Markets 2025-12-22
Dutch Authority for the Financial Markets highlights 2026 prospectus review priorities including EU Listing Act changes and early notification for European green bonds
The Dutch Authority for the Financial Markets will focus on streamlining prospectus and supplement approvals in 2026 amid a surge in applications. Amendments to the prospectus regime under the European Union Listing Act, effective since December 2024, will significantly impact content and approval processes, with further changes in March and June 2026. Issuers of European green bonds are advised to notify the AFM early due to potentially extended review times.