Key Points -
• Green Paper on Capital Markets Union (CMU Green Paper) and Consultation on Prospectus Directive Review (PD Consultation)
• Consultation Period runs until 13 May 2015
• Prospectus Directive Review - areas of focus include:
– Harmonising treatment of EU wide offers below €5m
– Modifying requirements for prospectuses on secondary offers
– Imposing limits on the length of prospectuses
– Requiring applicants to MTFs to produce vetted prospectuses
Prospectus Directive Consultation – Our Thoughts -
The EU Commission has recently published its much heralded Green Paper on Capital Markets Union (CMU) (CMU Green Paper). As part of this initiative, the Commission launched an expedited review of the Prospectus Directive (PD Consultation) with the aim of lowering barriers to accessing capital markets.
Please see full publication below for more information.