Prospectus Regulation Adopted in June 2017 as part of the Capital Markets Union Action Plan, the Prospectus Regulation aims to it make easier and cheaper for companies to access capital and improve the user-friendliness for investors of SME prospectuses. ESMA published 3 consultation papers on the format and content of the prospectus, on the EU
The BETTER FINANCE welcomes the proposal put forward by the European Commission to simplify Prospectus disclosure rules for equity issuers in order to stimulate equity financing by companies in need and restore sustainable debt-equity ratios. We believe that both Capital Markets Union (CMU) and COVID-19 recovery policies should be tailored to attract more EU households
LUXEMBOURG, 4 NOVEMBER 2019 – Document optimisation company More Carrot has completed what is believed to be the industry’s first study of UCITS prospectuses. The findings shed light on a range of issues, including who uses prospectuses, the main purposes of use, what types of information they look for and how easy it is to
BETTER FINANCE welcomes this opportunity to comment on the European Commission’s roadmap on a “Simplified prospectus for companies and investors in Europe”. As representative of individual investors and savers, we believe that the main concern is to ensure that the Prospectus, the EU Growth Prospectus and their respective Summary prospectuses must reflect a true picture
As a representative of individual investors and savers, we believe that the main concern is to provide investors with clear and concise information in order to give them a true picture of the company’s financial health and prospects. As such, the RTS must represent a way to improve investors protection. They should ensure that the
On the investor’s side, setting a structure to be followed by the issuer in each section would enhance comparability, transparency and the protection. In order to provide clear and easily readable documents for investors, information displayed should follow the same order in order to harmonize the content and the format of all prospectuses.
BETTER FINANCE welcomes the new Prospectus Regulation and the Technical Advice (Level 2) submitted by ESMA. The Technical advice submitted by ESMA reflect the purpose of the Prospectus Regulation: to remove administrative and costs burden for companies and in particular for Small and Medium Enterprises (SMEs) while enhancing investors protection. Investors should be provided with