An EU proposal aims to make it easier and cheaper for companies
to raise capital throughout the EU, while reinforcing protection
for investors by guaranteeing that all prospectuses, wherever in
the EU they are issued, provide them with the clear and
comprehensive information they need to make investment
decisions.
The European Commission this week presented its amended proposal
for a Directive on prospectuses. A prospectus is a disclosure
document, containing key financial and non-financial information,
that a company makes available to potential investors when it is
issuing securities to raise capital or when it wants its securities
admitted to trading or exchange.
The amended proposal seeks to ensure that adequate and
equivalent disclosure standards are in place in all Member States
when securities are made available to all European investors either
through a public offer or because they are admitted to trading.
