Prospectus Directive
Prospectus Directive (PD)
European Union
Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003. It is a framework directive made under the Financial Services Action Plan. The Directive sets out the initial disclosure obligations for issuers of securities that are offered to the public or admitted to trading on a regulated market in the EU. The Directive was implemented in the UK with effect from 1 July 2005 by the Prospectus Rules.
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • PR — Prospectus Rules (PR) The Financial Services Authority rules introduced to implement the Prospectus Directive in the UK. Broadly, they require the issue of a prospectus, unless an exemption applies, whenever there is either an offer of… …   Law dictionary

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