EU Prospectus Regulation: Some Out-of-the-Box Thinking

One of the core initiatives of the European Commission’s plan for a Capital Markets Union is its proposal to replace the existing legal framework for public offerings with a new regulation. The new regulation would bring some incremental changes to the existing framework, mainly in the direction of:...

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Detalles Bibliográficos
Autor: Enriques, Luca
Tipo de recurso: artículo
Fecha de publicación:2017
País:España
Institución:Universidad Miguel Hernández de Elche
Repositorio:REDIUMH. Depósito Digital de la UMH
OAI Identifier:oai:dspace.umh.es:11000/27138
Acceso en línea:http://dspace.umh.es/handle/11000/27138
Access Level:acceso abierto
Palabra clave:34 - Derecho::340 - Cuestiones generales de derecho. Métodos y ciencias auxiliares del derecho
Descripción
Sumario:One of the core initiatives of the European Commission’s plan for a Capital Markets Union is its proposal to replace the existing legal framework for public offerings with a new regulation. The new regulation would bring some incremental changes to the existing framework, mainly in the direction of: (a) lowering the burdens for issuers (via broader exemptions for secondary offerings, an attempt to increase the use of shelf registration, and simplified prospectuses for small issuers); and (b) making prospectuses more retail investor-friendly (via shorter summaries and limits on the use of risk factors).