FEE paper on Prospectuses: Potential Pitfalls for Auditors

29 April 2005

The European Federation of Accountants (FEE) issued a new discussion paper on the Prospectus Directive that becomes effective on 1 July 2005. Market participants need to prepare for the new rules and understanding of each participant’s role and responsibility needs to be updated. The comfort letter is a crucial instrument in this process. Given the change from national rules to European-wide rules in respect of prospectuses, existing national variations in current practice differences need to disappear.

Deadline for comments is 31 August 2005.

Briefing note
Discussion paper

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