Europe adopts a single prospectus
17 Jul 2003
The European Parliament and Council of Ministers have approved a new Directive on prospectuses, which will simplify the process of raising capital in the EU.
A "single passport" approved by the regulatory authority in one member state will be valid throughout Europe. The Directive covers only initial disclosure requirements at the time of capital raising. Conditions for admission to listing and ongoing financial reporting remain subject to existing European and national requirements. Press Release (PDF 13k).