Prospectuses Directive adopted

Professional Adviser
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Following years of wrangling, the European Union's Council of Ministers has finally voted to adopt t...

Following years of wrangling, the European Union's Council of Ministers has finally voted to adopt the Prospectuses Directive, which for the first time creates a single market for initial disclosure documents. The Council previously threw out the Directive as voted on by the EU Parliament, but following amendments the rules have now passed their final hurdle to become EU-wide law. The Directive does not diminish the need for listed companies to live up to specific stock exchange rules or national regulatory frameworks, but it does mean that a prospectus issued in one member st...

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