Commission adopts technical measures on Prospectuses and Market Abuse Directives
29 April 2004
The European Commission has adopted a technical Regulation implementing the Prospectus Directive and a technical Directive including a second set of measures implementing the Market Abuse Directive.
The technical regulation on the Prospectus Directive sets out different minimum disclosure requirements for different products, depending on the types of information needed by investors in each case. The Regulation also specifies the content of prospectuses which can be drawn up either as a single document or composed of three separate documents.
The technical directive on the Market Abuse Directive covers accepted market practices in the context of market manipulation, the definition of inside information in relation to derivatives on commodities, the drawing up of lists of insiders by issuers and persons acting on their behalf or for their account and the notification to the relevant authorities of suspicious transactions and of transactions undertaken by issuers' managers.
Commission press release
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