Shearman Logo

balance scale

Feb 05, 2016

Prospectus Directive: The Commission’s Proposal for a New Prospectus Regulation

Subscribe

Jump to...

 

The European Commission, as part of its Capital Markets Union action plan and its commitment to simplify and harmonize EU laws, on November 30, 2015 adopted a proposal for a new prospectus regulation, intended to replace the EU Prospectus Directive 2003/71/EC as amended (the “Prospectus Directive”) along with its corresponding implementing measures.  The new proposal aims mainly at simplifying the rules for companies wishing to issue shares or debt on the market and reducing the costs of preparing a prospectus, thus fostering cross-border investments in the single market, while at the same time still enabling investors to make informed investment decisions. In addition, transforming the Prospectus Directive into a regulation would serve the purpose of addressing the problems that typically arise in the transposition of a directive and enhancing coherence and integration throughout the internal market, while reducing divergent and fragmented rules across the Union.

View full memo, Prospectus Directive: The Commission’s Proposal for a New Prospectus Regulation

Authors and Contributors

Tobia Croff

Partner

Capital Markets

+39 02 0064 1509

+39 02 0064 1509

Milan

Camilla Zanetti

Associate

Capital Markets

+39 06 697 679 225

+39 06 697 679 225

Rome

David Dixter

Partner

Capital Markets

+44 20 7655 5633

+44 20 7655 5633

London

Michael Scargill

Counsel

Mergers & Acquisitions

+44 20 7655 5161

+44 20 7655 5161

London

Hervé Letréguilly

Partner

Capital Markets

+33 1 53 89 71 30

+33 1 53 89 71 30

Paris

Andreas Löhdefink

Partner

Mergers & Acquisitions

+49 69 9711 1622

+49 69 9711 1622

Frankfurt

Séverine de La Courtie

Counsel

Capital Markets

+33 1 53 89 81 89

+33 1 53 89 81 89

Paris

Barnabas Reynolds

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5528

+44 20 7655 5528

London

Thomas Donegan

Partner

Financial Institutions Advisory & Financial Regulatory

+44 20 7655 5566

+44 20 7655 5566

London

Pawel J. Szaja

Partner

Capital Markets

+44 20 7655 5013

+44 20 7655 5013

London

Jonathan Handyside

Counsel

Capital Markets

+44 20 7655 5021

+44 20 7655 5021

London

Emanuele Trucco

Counsel

Capital Markets

+39 02 0064 1527

+39 02 0064 1527

Milan