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New prospectus regime: A critical analysis of chosen key changes

Chyla, Łukasz

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New prospectus regime: A critical analysis of chosen key changes

Nowe prawo prospektowe: analiza krytyczna wybranych istotnych zmian

0000-0001-7353-8125

prospectus obligations ; Prospectus Regulation ; Regulation EU 2017/1129

Tyt. zeszytu: Tradycja i nowoczesnośćw instytucjach prawnych

The 2015 Impact Assessment Working Document evaluation has identified numerous issues which seemed to hinder the efficiency of the EU capital markets. To address those issues, the new prospectus regime was introduced by the Prospectus Regulation PR EU 2017/1129, which replaced the previous Prospectus Directive and will be directly binding and fully applicable in all EU Member States from 21 July 2019. The main aim of the PR is to ensure investor protection and market efficiency while enhancing the internal EU market for capital. In order to achieve this goal, Regulation 2017/1129 introduces a number of significant changes, in particular the form of regulation, the scope of the prospectus regime, and exemption thresholds from the prospectus obligation. It also introduces new institutions e.g. the universal registration document and completely new types of prospectuses EU growth prospectus, prospectus for secondary issuances under the proportionate disclosure regime. The aim of this article is to analyze and evaluate the chosen changes introduced by the new prospectus law.

Wydawnictwo Uniwersytetu Wrocławskiego

Jakubowski, Sebastian. Red. ; Kostecka-Jurczyk, Daria. Red.

ISSN 1733-5779 ; ISSN 0239-6661

10.19195/1733-5779.28.1

Studenckie Prace Prawnicze, Administratywistyczne i Ekonomiczne, ISSN 1733-5779. Nr 28 (2019), s. 11-35

Czasopisma Naukowe w Sieci (CNS)

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