Chapter II Drawing up of the prospectus Article 5 The prospectus 1 .

ANNEX I PROSPECTUS I. SUMMARY

Article 12 Availability of the prospectus 4 .

Otherwise , the positive effects of a European passport for issuing a prospectus could be put into question , in particular with respect to the use of languages .

Article 7 Language and format of the prospectus Article 7 provides for the language and format of the prospectus .

Chapter III Arrangements for the scrutiny and distribution of the prospectus Article 11 Approval and publication of the prospectus 1 .

Article 6 Minimum information to be included in the prospectus .

In this case no other prospectus should be required .

The form in which this information is required is the publication of the prospectus .

This means that a new full prospectus is not required .

According to Article 9 of the Directive , a prospectus , a base prospectus and a registration document shall be valid for a period up to 12 months .

Therefore , given the time and costs of drafting and approving a prospectus , the validity period of 12 months of a prospectus , a base prospectus and a registration document should be extended to 24 months provided they are properly supplemented .

However , in case the issuer or the offeror responsible for drawing up such initial prospectus does not consent to its use , the financial intermediary should be required to publish a new prospectus .

However , in case the issuer or the offeror responsible for drawing up such initial prospectus does not consent to its use , the financial intermediary should be required to publish a new prospectus . The requirement to produce a prospectus for offers made in the context of an employee share scheme is not an effective means of informing employees about the

Therefore , given the time and costs of drafting and approving a prospectus , the validity period of 12 months of the prospectus , base prospectus and registration document should be extended to 24 months provided they are properly supplemented .

Requirements in Article 14 of the Directive relating to the printed form of the prospectus

Article 12 Availability of the prospectus This Article updates the rules already existing in the listing particulars and the public offer Directives .

The system is based on a new format of prospectus composed of separate documents .

Requirements in Article 18 of the Directive relating to the translation of the summary of the prospectus .

The financial intermediary could use the initial prospectus by incorporating the relevant parts by reference into its new prospectus .

( 10 ) The summary of the prospectus is a key source of information for retail investors .

Also in this case detailed rules will be provided under Level 2 ( comitology ) procedures .

The prospectus should be always delivered in paper form free of charge to investors on request .

The information contained in an advertisement shall be fair , accurate and consistent with that contained in the prospectus .

The same procedure shall be followed for any supplement to the prospectus .

Explanation

The energy issue

The prospectus must be drawn up in a language accepted by the competent authority in the home Member State .

The prospectus shall be drawn up in a language accepted by the competent authority in the home Member State .

No prospectus shall be published until it has been approved by the competent authority of the home Member State .

Article 5 Content of the prospectus This Article broadly reflects principles , on the function and the content of the prospectus , already present in both the listing particulars and the public offer Directives .

The harmonisation of the information contained in the prospectus should provide equivalent protection for investors at Community level .

To facilitate cross borders offers , where the prospectus is drawn up in a language that is customary in the sphere of finance and accepted by the competent authority , the host country should only be entitled to require a summary in its domestic language .

Investors would have effective and free access to information on a real time basis due to the new obligation to ensure availability of the prospectus on the competent authority web site and the possibility for the issuer to publish the prospectus in electronic format .

A competent authority that has received an application for approving a prospectus shall at least be empowered to a ) b ) c ) d ) e ) f ) g ) h ) require issuers to include in the prospectus supplementary information if necessary for investor protection

Did it answer the question?

Out of the question.

Rephrase the question.

They said, It's not a matter of money. This is a religious matter.

Because what we're really asking is a genealogical problem, or a genealogical question.

In relation to the obligation to translate the summary of the prospectus , whilst the abolition of this obligation would reduce the administrative burden for this type of offers , because the person responsible for drawing up the prospectus could save the cost of the translations , this would be seriously detrimental for investor protection .

It's not about foundations necessarily it's about the rest of us.

The question of transformation in Africa really is a question of leadership.

Every significant new factor , material mistake or inaccuracy relating to the information included in the prospectus which is capable of affecting the assessment of the securities and which arises or is noted between the time when the prospectus is approved and the final closing of the offer to the public or , as the case may be , the time when trading on a regulated market begins , whichever occurs earlier , shall be mentioned in a supplement to the prospectus .

This is a deep question.