Prospectus Directive amendments - discussion of key changes
This article discusses key changes to the EU Prospectus Directive which were approved by the EU Parliament on 17 June 2010, as well as areas for future improvement. The changes will have a number of practical implications for issuers, although a number of key amendments still require further impleme...
Saved in:
Published in | Law and Financial Markets Review Vol. 4; no. 5; pp. 490 - 498 |
---|---|
Main Author | |
Format | Journal Article |
Language | English |
Published |
Routledge
01.09.2010
|
Online Access | Get full text |
Cover
Loading…
Summary: | This article discusses key changes to the EU Prospectus Directive which were approved by the EU Parliament on 17 June 2010, as well as areas for future improvement. The changes will have a number of practical implications for issuers, although a number of key amendments still require further implementing legislation. The most important areas covered in the Amending Directive include changes to the summary of the prospectus, a new reduced disclosure regime for rights offerings and changes to the withdrawal rights in connection with prospectus supplements. In addition, a number of changes have been made to the offer and admission exemptions, including an increase of wholesale debt denominations, which will necessitate adjustments for offerings even before the deadline for implementation of the amending directive. |
---|---|
ISSN: | 1752-1440 1752-1440 1752-1459 |
DOI: | 10.1080/17521440.2010.11428144 |