Launch consultation on the Prospectus Directive
The European Commision launched a consultation on the Prospectus Directive on the 18th of February. (link to consultation document) The Commission has stated in its press release that “the Commission is launching its consultation on the Prospectus Directive with a view to making it easier for companies (including SMEs) to raise capital throughout the EU while ensuring effective investor protection. […]The consultation will, among other things, consider ways to simplify the information included in prospectuses, examine when a prospectus is necessary and when it is not and how to streamline the approval process.” (link to press release Commission)
Finnius is closely follwing the developments of the consultation and will approach those clients for whom the consultation will prove to be relevant.