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EC proposes "Single Passport" to European financial markets

  • European Union (old) Image

03 Jul 2001

The European Commission has issued a Proposed Directive on Prospectuses prescribing the structure and minimum disclosure content of securities offering documents (prospectuses).

The proposal would introduce a 'single passport' to raising capital in Europe. There would be only one prospectus approved by the home country authority of the issuer, which would have to be accepted throughout the EU for public offer and/or admission to trading on regulated markets. Click to download the Full Text of EC Proposal (PDF 103k).

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