The measures resulting from Delegated Regulations, including new formats for the summary and the base prospectus as well as the proportionate schedules for SMEs, companies with reduced market capitalisation and issues with pre-emptive purchase rights, comes into force on 1 July, 2012.
The document also reviews some other provisions that are subject to transposition measures currently in progress at the legislative or regulatory levels. In particular, the recast Directive provides for new waivers from the requirement to draw up a prospectus and makes it possible in certain cases to raise the threshold below which an offer of financial securities does not constitute a public offer.
© AMF - Autorité des Marchés Financiers
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