Press Release: Financial services: European Commission welcomes Council’s political agreement on prospectuses proposal

The Council of Ministers reached a political agreement on the amended proposal for a Directive on prospectuses on 5 November 2002. This proposal would make it easier and cheaper for companies to raise capital throughout the EU, while reinforcing protection for investors by guaranteeing that all prospectuses, wherever in the EU they are issued, provide them with the clear and comprehensive information they need to make investment decisions.