Fears that Prospectus Directive update will curb structured product innovation

Prospectus Directive changes 'pose risks'

An amendment to the European Commission's (EC) Prospectus Directive has meant that issuers of structured products are far more restricted on what they are permitted to include in their final terms, which some market participants say could result in them issuing simpler or fewer products to avoid the cost of producing additional prospectuses.

The stipulation is listed in Amending Directive 2010/73/EC, which came into effect on July 1 and relates to all member states across the European Economic A

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