Regulation (EU) 2017/1129 of the European Parliament and of the
Council of 14 June 2017 on the prospectus to be published when
securities are offered to the public or admitted to trading on a
regulated market (the Prospectus Regulation / Regulation) entered
into force on 20 July 2017 but it only became fully applicable on
21 July 2019.
Principal Objectives
Directive 2003/71/EC, as amended (the Prospectus Directive)
served the market well in laying down a harmonised framework on how
a prospectus is to be drawn up, approved and published when
securities are offered to the public or admitted to trading on a
regulated market. The Prospectus Directive was then supplemented by
Commission Regulation (EC) 809/2004 (the Old Regulation), which set
out, among other things, the specific disclosure requirements to be
included in a prospectus. In addition to a number of other
supplementary Regulations issued over the years, the Prospectus
Directive was also amended in 2010.
