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EC Document: Study on the Impact of the Prospectus Regime on EU Financial Markets – prepared by the Centre for Strategy and Evaluation Services

( August 25, 2008, 16:00 GMT | Official Statement) -- MLex Summary: An impact study sponsored by the European Commission found that the Prospectus Directive of 2003 has contributed to improving access to capital, while raising some initial costs. The report found that regulatory differences among countries impeded the working of a European Union-wide passport for prospectuses, and that Italy often took too long to approve offerings. The consultants suggested clarifications on issues such as the treatment of retail cascades. The full report is attached at bottom....

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