Author (Corporate) | European Commission: DG Financial Stability Financial Services and Capital Markets Union |
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Series Details | COM (2020) 281 |
Publication Date | 24/07/2020 |
Content Type | Policy-making |
Summary: Legislative initiative tabled by the European Commission on 24 July 2020, introducing a number of amendments to Regulation (EU) 2017/1129 on accessing different forms of finance in the European Union (EU). Further information: Regulation (EU) 2017/1129 lays down requirements for the drawing up, approval and distribution of the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market situated or operating within a Member State. This proposal aims to create an EU Recovery Prospectus - a type of short-form prospectus - for companies that have a track record in the public market. This temporary prospectus would be easy to produce, read and scrutinise by stakeholders. It would cut down the length of prospectuses from hundreds of pages to just 30 pages. A second set of amendments aims at facilitating fundraising by banks that play an important role in financing the post-pandemic economic recovery. The draft was adopted by the Commission as part of the so-called EU Capital Markets Recovery Package. |
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Source Link | https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=COM:2020:281:FIN |
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Subject Categories | Business and Industry, Economic and Financial Affairs |
Subject Tags | Capital Markets Union [CMU], Financial Services |
Keywords | COVID-19 (Coronavirus) |
International Organisations | European Union [EU] |
