November 2004

The Prospectuses Directive, which comes into force on 1 July 2005, intends to simplify the raising of capital in Europe. However, the desire to create an effective ‘single passport’ for issuers may not be fully realised, if the lack of clarity regarding the auditor’s report remains. FEE’s latest paper is taking the initiative to safeguard the quality of information that will be made available to investors and other market participants.

Related links: FEE Discussion Paper on EU Prospectuses Directive, November 2004