Commission consultation on facilitating cross-border investment

20 April 2007

The Commission published a call for evidence on private placement regimes, under which securities can be sold privately to a limited number of eligible investors. The Commission White Paper on investment funds identified the absence of a common approach to private placement as a possible stumbling block to mutually beneficial transactions between financial professionals.

The call seeks quantitative or qualitative material to determine whether the absence of a common approach to private placement constitutes a material impediment to cross-border financial investments.

It also asks for appropriate parameters of a possible private placement regime in terms of the boundary between public and private offer, eligible participants, and enforcement issues.

Finally it opens discussion on whether and how a private placement regime could be established at European level.

The Commission will prepare a report on the options to establish a European private placement regime by the end of 2007. It will serve as a basis for considering whether further action in this area will be needed.

Deadline for comments is 30 June 2007.
An open hearing on UCITS will take place on 26 April 2007.

Press release
Call for evidence
Privacy statement

© European Commission