Prospectus Liability and Ad hoc Disclosure in the Code

On 8 May 2026, the research group continued its work on the draft European Capital Markets Code with a conference discussing the importance and implementation of a uniform prospectus liability regime.

Furthermore, the conference addressed the reform of the ad hoc disclosure obligation under the Market Abuse Regulation and specific disclosure obligations relating to sustainability matters – topics that are central to the project’s broader aim of developing a coherent framework for EU capital markets law.

By bringing together questions of prospectus liability, market abuse and sustainability-related disclosure, the conference contributed to the further refinement of the draft Code’s structure and substantive content.