Prospectus Directive consultation: ‘Comprehensibility’ concerns top the agenda

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The UK Listing Authority (UKLA) has launched a consultation to gauge industry participants' views on some of the more subjective elements of the European Commission's Prospectus Directive. The Prospectus Directive aims to help retail investors by providing clearer, more standardised prospectuses for the public offerings of securities. But market participants are concerned about what constitutes comprehensibility and how this can be achieved when all relevant information about the products con