CESR submits final advice on Prospectus and dissemination of advertisements

08 January 2004




CESR submited its third and final package of advice on the Prospectus Directive to the European Commission.

The advice follows a consultation by CESR with market participants on the minimum information to be provided in a prospectus, with special reference to the historical financial information to be included in a prospectus and on the dissemination of advertisements.

CESR’s final advice to the European Commission sets out:

  • minimum information to be included in any EU prospectus, in particular adding new schedules;
  • minimum information to be included in any EU prospectus - historical financial information;
  • Dissemination of advertisements.

    Press release
    Document
    Feedback statement

    CESR also published the following documents:
    Summary to a questionnaire on the way member states interpret the notion of equivalence in the context described in article 4(3) of the prospectus directive
    Summary to a questionnaire on factual information regarding advertisement practices and relevant legislation in the member states.
    Summary to a questionnaire factual information on the legislation and practices of member states regarding the treatment of third country issuers with respect to the drawing up and approval of prospectuses (article 20 of the prospectus directive).

    © CESR - Committee of European Securities Regulators