Written by Angelos Delivorias (2nd edition),
On 30 November 2015, the European Commission published a proposal for a regulation on prospectuses (legal documents that provide details about an investment offer in an easily analysable format) to replace Directive 2003/71/EC, as amended by Directives 2008/11/EC, 2010/73/EU and 2010/78/EU. The aims of the regulation are to contribute to further financial market integration and to improve investor protection in the European Union. The proposal broadens the scope of the legislation and introduces changes to how the prospectus is drawn up.
On 3 June 2016, the Dutch EU Council Presidency published its proposal for a general approach on the Commission proposal and on 15 September 2016, the European Parliament adopted its amendments to the Commission proposal. Finally, on 16 December 2016, the European Parliament and the Council stroke a compromise on the prospectus Regulation, which is to be voted by the co-legislators.
- February 2017 ‘Prospectuses for investors‘, (2nd edition)
- May 2016 ‘Prospectuses for investors‘, (1st edition)
|Proposal for a regulation of the European Parliament and of the Council on the prospectus to be published when securities are offered to the public or admitted to trading|
|Economic and Monetary Affairs (ECON)
Petr Ježek (ALDE, Czech Republic)
COM(2015)583 of 30.11.2015
procedure ref.: 2015/0268(COD)
Ordinary legislative procedure
|Next steps expected:||First-reading vote in plenary|