Raising Capital in Europe: The Legal Framework Following the EU Prospectus Directive

by Luis de Carlos Bertrïn

Overview

This practical handbook details the new regulatory framework which applies to the publication and approval of a prospectus when securities are offered to the public or admitted to trading in EU markets. A panel of securities and capital markets law experts considers the features of the Prospectus Directive and its future implementation in EU member states. The first part of the book analyses the scope of the Directive, the key procedural stages in the publication and approval of a prospectus, and the regulatory activities of the Committee of European Securities Regulators and other competent authorities. The second part outlines the current prospectus regime in 15 EU member states with reference to the applicable legislation and the nature and schedule of expected amendments following implementation of the Directive.

Product Details

ISBN-13:	9781904501497
Publisher:	Oxford University Press
Publication date:	06/01/2005
Pages:	392
Product dimensions:	6.40(w) x 9.30(h) x 1.20(d)

Table of Contents

ForewardI THE EU PROSPECTUS DIRECTIVE AND REGULATORY DEVELOPMENTS OF CESR1. General Overview: Introduction, adoption process, main concepts, strengths and weaknesses of the EU Prospectus Directive, Daniel Hurstel2. When to publish a Prospectus?: Scope of the Prospectus Directive. Obligation to publish a prospectus and exemptions, Jaap Willeumier3. Drawing up a Prospectus: Content, format and responsibility for the Prospectus, Michael A. Greene & Cian McCourt4. Where and how to publish the Prospectus?: Approval and publication of the Prospectus. Cross border offers and admission to trading and language in the Prospectus, Christopher Ashworth5. Non-EU Issuers: A Single Passport to Europe: Considerations and framework for non-EU issuers under the Prospectus Directive, Angel Saad & Jay Clayton6. Competent authorities and implementing measures: Role and powers of the competent authorities and comitology procedure in the Prospectus Directive, Luis de Carlos Bertrán & Marta RiosII HOME STATE REGULATIONS1. Austria, Florian Khol2. Belgium, Jan Peeters & Tom Van Dyck3. Denmark, Jørgen Kjeergard Madsen & Helle Sehsted4. Finland, Dimitrios Himonas5. France, Daniel Hurstel & Ines LeGris6. Germany, Andreas König7. Greece, Konstantinos Gr. Vouterakos8. Ireland, Michael A. Greene & Cian McCourt9. Italy, Claudio Visco10. Luxembourg, Alex Schmitt11. Netherlands, Derk Lemstra12. Portugal, Carlos Costa Andrade13. Spain, Javier Redonet & Almudena Benjumea14. Sweden, Hans Wibom & Jens Pohl15. United Kingdom, Chrisopher Ashworth