Amendments to the Prospectus Directive and Transparency Directive now in force

Today (31 December 2010) sees the coming into force of important amendments to the Prospectus Directive and Transparency Directive.

Directive 2010/73/EU of the European Parliament and of the Council of 24 November 2010 was published in the Official Journal of the European Union on 11 December 2010, and, under Article 5, it has entered into force on the 20th day following its publication in the OJ.

The full title of this Directive is "Directive 2010/73/EU of the European Parliament and of the Council of 24 November 2010 amending Directives 2003/71/EC on the prospectus to be published when securities are offered to the public or admitted to trading and 2004/109/EC on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market Text with EEA relevance."

London: 31/12/2010, 09.00 UK Time