Financial Regulation International
Europe
The Prospectus Directive - what do you need to know?
With the European Prospectus Directive
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due to be implemented across the European Union (EU) by 1 July 2005, issuers and underwriters have to face up to a new regime
for marketing debt securities. The Directive is intended to harmonise the requirements for issuers offering securities to
the public in any EEA member state or applying for admission to trading on a regulated market in any EU member state, such
that once a prospectus has been approved by one member state, it can be used in any other member state.