The new Prospectus Regulation: Key changes to the prospectus regime for equity issuers
On 21 July 2019 the EU Prospectus Regulation becomes fully effective across the EU and applies to all propsectuses approved on or after that date. This article considers the key changes that the Prospectus Regulation makes to the current prospectus regime for equity issuers.
On 21 July 2019, the EU Prospectus Regulation (the Prospectus Regulation) is fully effective across the EU and repeals and replaces the Prospectus Directive from that date. It applies to all prospectuses approved on or after 21 July 2019.
While many aspects of the existing Prospectus Directive (PD) regime are retained under the new rules, the Prospectus Regulation does introduce a number of significant changes which are aimed at cutting “red tape” and making prospectuses less burdensome for issuers, whilst ensuring investor protection is maintained.
This article considers the key changes that the new Prospectus Regulation makes to the current prospectus regime for equity issuers.
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