The European Federation of Accountants (FEE) issued a new discussion paper on the Prospectus Directive that becomes effective on 1 July 2005. Market participants need to prepare for the new rules and understanding of each participant’s role and responsibility needs to be updated. The comfort letter is a crucial instrument in this process. Given the change from national rules to European-wide rules in respect of prospectuses, existing national variations in current practice differences need to disappear.
Deadline for comments is 31 August 2005.
Briefing note
Representative organisation for the accountancy profession in Europe
www.fee.be',WIDTH, 300, SHADOW, true, FADEIN, 300, FADEOUT, 300, STICKY, 1,DURATION,3500)" onmouseout="UnTip()");">FEE DiskP Comf Prosp 0504.pdf' target='_blank'> Discussion paper
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