PROPECTUSES
August 1st, 2002
BY ALAN OSBORNTHE EUROPEAN Commission has significantly watered down its proposeddirective on prospectuses following intense lobbying by the financial services industry, the European Parliament and some Member States including Britain. The main change announced today (Friday) is to exempt small and medium-sized companies from the obligation to publish a draft prospectus if their public offering is Euro 2.5 million (Pounds 1.55 million) or less.Where a SME issues a larger public prospectus is required for larger amounts, they would have to issue a prospectus, less ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.