Europe: Commission proposes changes to the Prospectus Directive

The European Commission has today published a proposal for the simplification of the Prospectus Directive. Amongst the proposed changes are the introduction of less comprehensive disclosure requirements for some issues of securities (e.g., those by small companies) and greater clarity concerning the exemptions from the obligation to publish a prospectus.

For further information see: press release | text of proposal | FAQs | impact assessment: full text | impact assessment: executive summary | background information |