The new EU Prospectus Directive: Does it display suitable measures in order to harmonise EU securities markets?

Reinhardt, Bj�rn
December 2003
Journal of International Banking Regulation;Dec2003, Vol. 5 Issue 2, p153
Academic Journal
The paper analyses the adopted version of the new EU Prospectus Directive, which overhauls the existing EU prospectus regime and is a key feature of the harmonisation of EU securities markets. The text first examines the economic dimensions of the creation of a single EU securities market and secondly displays the position of the Prospectus Directive within the system of the EU's measures in order to create a single securities market. Furthermore, the paper focuses on the reasons for the storm of protest before the adoption of the Prospectus Directive and examines the major provisions and related changes during the institutional consultations. The text finally addresses any remaining criticism of the Prospectus Directive.


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