TITLE

Faegre shoots down FSA's take on Prospectus Directive's '100' rule

AUTHOR(S)
Begum, Husnara
PUB. DATE
June 2005
SOURCE
Lawyer;6/20/2005, Vol. 19 Issue 24, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that U.S. firm Faegre & Benson LLP has played a role in successfully challenging the Financial Services Authority's (FSA) interpretation of the "100 persons rule" in the new Prospectus Directive, which required almost all Alternative Investment Market (AIM) company to have their investment documents approved by the UK Listing Authority (UKLA). Requirement of the Prospectus Directive; Impact of the inclusion of Section 86(2) in the company's preparation of the documents for approval; Effectivity of the directive.
ACCESSION #
17465910

 

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