Subjects:

Banking and Finance

Contents:

Part I. General Provisions of Community Law Relating to the Prospectus to be Published When Securities Are Offered to the Public or Admitted to Trading Dirk Van Gerven

Part II. Application in Each Member State –

National Reports for EU Member States

1. Belgium Dirk Van Gerven and Elke Janssens

2. Czech Republic Petr Kasik and Vlastimil Pihera

3. Denmark Vagn Thorup and David Moalem

4. Estonia Raino Paron and Monika Koolmeister

5. Greece Vassiliki Lazarakou and George Georgiou

6. Hungary Jacques de Servigny

7. Latvia Dace Silava-Tomsone, Toms Sulmanis and Aigars Gozitis

8. Lithuania Irmantas Norkus and Eva Suduiko

9. Luxembourg Josee Weydert and Franck-Olivier Cera

10. The Netherlands Jan Paul Franx

11. Poland Danuta Pajewska and Jakub Pietruszka

12. Portugal Jose Alves Do Carmo, Jose Miguel Oliveira and Arifo Amada

13. Slovak Republic Michaela Jurková

14. United Kingdom Nigel Boardman, Penny Radcliffe and Michaela Angelides

Part III. National Reports for EEA Member States:
15. Norway Solveig Fagerheim Bugge and Sverre Tyrhaug

Part IV.

Annexes:

16. Annex I. Council Directive (EC) No 2003/71 of 4 November 2003 on the prospectus to be published when securities are offered to the public or admitted to trading (the Prospectus Directive)

17. Annex II. Commission Regulation (EC) No 809/2004 of 29 April 2004 implementing the Prospectus Directive as regards information contained in prospectuses as well as the format, incorporation by reference and publication of such prospectuses and dissemination of advertisements (the Prospectus Regulation)

18. Annex III. List of national laws implementing the Prospectus Directive.

The Prospectus Directive of 4 November 2003 sets the rules on the publication of a prospectus in the event that securities are offered to the public or admitted to trading on a stock exchange in the European Union. These rules apply in all 30 member states of the European Economic Area. Since member states decide to a large extent how to implement the Directive in their law, the rules in the different member states will differ substantially. It is therefore important not only to have an understanding of the rules laid down in the Directive but also to obtain knowledge of the rules applicable in the different states. As an English book it provides an understanding for non-Europeans of the rules applicable on the publication of a prospectus. A comprehensive table of contents, text of the European Directive and a list of national implementing laws are also included.

• Quick understanding of the rules applicable in each of the countries
• Global overview of rules applicable throughout the European Economic Area
• Useful tool for the legal language relating to publication of a prospectus