Law firm says EU share directive will ruin Aim

Professional Adviser
clock

Commercial law firm Stringer Saul believes the proposed EU Prospectus Directive, which aims to intro...

Commercial law firm Stringer Saul believes the proposed EU Prospectus Directive, which aims to introduce a fast-track system for the issue of new shares, is potentially fatal for the Aim market. One of the most potentially damaging new requirements will be the need to publish an update of company information on an annual basis whether or not companies are intending to raise funds in the coming months. The Stock Exchange estimates this could cost companies between £50,000 to £100,000pa, a significant amount for the small companies quoted on Aim, the firm noted.

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •