Prospectuses of Securities
On the 23rd of June 2005 the Seimas adopted the Law Amending and Supplementing the Law on Securities Market No X-270 (State gazette “Valstybės žinios“ No 84-3108). Instead of the former obligatory registration of securities, the Law imposes an obligation to approve (in cases provided for by the Law on Securities Market) a prospectus – a document intended for investors and general public and containing the main information on the issuer and its securities that are offered to the public or are admitted to trading on a regulated market. The Law lays down requirements for the preparation, approval and announcement of the prospectus that shall be complied with in cases where securities of the issuer, the registration state whereof is the Republic of Lithuania, are intended to be offered to the public or admitted to trading on a regulated market in the Republic of Lithuania and / or another member state of the European Union. In case the Republic of Lithuania is
