Discord over harmonisation

News

Banking associations say that the European Union’s recently modified proposals for a single prospectus for companies issuing securities within the Union are arbitrary and will damage the pan-European debt market.

The proposed directive, agreed in early November, sets standards of disclosure in an attempt to facilitate the issuance of cross-border EU transactions – both equity and debt. Companies issuing debt or equity will be required to file a prospectus for the deal prior to launch.

According to

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