Prospectus Rules

EU Commission Proposes Overhaul of Prospectus Rules

The EU Commission has published proposals to overhaul the rules on prospectuses, where companies are raising equity or debt in public markets. But prospectuses are costly to produce, especially for smaller companies.  As Ian Sayers of the AIC said after the above announcement: "One of the main problems with a prospectus is that the regime effectively compels issuers to include any information that an investor might conceivably want. Given the legal implications, the result is a huge amount of boilerplate of ...