Consultation on early implementation of amendments to the Prospectus Directive
March 17, 2011
HM Treasury has opened a Consultation on 'Early Implementation of Amendments to the Prospectus Directive'.
On 23 September 2009, the European Commission published a proposal to amend the Prospectus Directive. On 17 June 2010, the European Parliament adopted a common approach, which was endorsed by the Council on 11 October 2010. The UK must implement the Directive by 1 July 2012.
In November 2010, the Government indicated that it intended to implement two of the measures early both the threshold for an offer of securities, and the minimum number of investors for which a Prospectus is required, will be raised.
The Consultation closes on 9 June 2011.