|
Brussels, |
|
Securities prospectus
A prospectus is a legal document required by companies intending to offer securities to the public or seek admission to trading on regulated markets. It provides essential information about the company and the securities being issued, enabling investors to make informed decisions.
The document typically includes details on the company’s main business activities, financial status, shareholding structure, and specifics of the securities offered.
The document typically includes details on the company’s main business activities, financial status, shareholding structure, and specifics of the securities offered.
EU Prospectus Rules
The EU prospectus rules ensure that all investors across Member States receive the same level of information.
These rules establish standardized disclosure requirements, ensuring minimum investor protection standards across the EU. A prospectus approved in one Member State is valid throughout the EU, providing a "single passport" for issuers.
These rules establish standardized disclosure requirements, ensuring minimum investor protection standards across the EU. A prospectus approved in one Member State is valid throughout the EU, providing a "single passport" for issuers.
Policy Making Timeline
- 1 February 2024: Political agreement on the Listing Act, part of the clearing, insolvency, and listing package under the Capital Markets Union.
- 7 December 2022: Adoption of the Capital Markets Union legislative package, including clearing, insolvency, and listing measures.
- 24 July 2020: Legislative package addressing the coronavirus response to support Europe’s recovery through the Capital Markets Union.
Relevant Legislation
- Prospectus Regulation (2017/1129/EU): Establishes the framework for prospectus requirements in the EU (repealing Directive 2003/71/EC).
- Delegated and implementing acts to the Prospectus Regulation
- Ongoing revision of the Prospectus Regulation
- Legislative initiative to make public capital markets more attractive for EU companies and facilitate access to capital for SMEs
