Theme of the day of 20 October 2006

Transparency and Prospectus Directives

The Parliament will debate two resolutions for adopting implementing measures for two financial services directives: transparency and prospectus on Monday 23 October in Strasbourg. The adoption of the implementing measures follows the Comitology procedure which was agreed by Parliament, Council and Commission in July 2006. During the past months these measures have been negotiated between the Economic and Monetary Affairs Committee of the European Parliament and the Commission. Now the committee asks the Plenary to support the measures on these two resolutions.

Both financial services directives require the adoption of these measures for implementation. The objective of these directives is to increase investor protection throughout the EU by achieving greater harmonisation of information requirements. Furthermore, the prospectus directive requires the publication of a prospectus where securities are offered to the public or admitted to trading on a regulated market.

Links:
Motion for the resolution on the draft Commission Directive laying down detailed rules for the implementation of certain provisions of Directive 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

Motion for the resolution on the draft Commission regulation amending Regulation (EC) No 809/2004 as regards the accounting standards in accordance to which historical information contained in Prospectuses is drawn up

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