CESR releases its advice on draft technical measures to implement the Directive on Prospectus, accompanied by a Feedback Statement on the consultation.
The advice submitted by CESR proposes the provision of standardised information across the EU for issuing companies to disclose to investors. These disclosure requirements include key financial information, operating results, specific risk factors, a statement on how the company complies with its national corporate governance code, remuneration of key management, as well as potential conflicts of interests.
Additionally, to facilitate access to capital for ‘start-up’ companies, the requirement for three years financial information could be limited to the period of the company’s existence.
Press release
Document
Annexes
Feedback statement
© CESR - Committee of European Securities Regulators
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