EEA decision on descriptions of securities
On 1 April Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (the Prospectus Regulation) will be transposed into Icelandic law. The regulation was adopted into the EEA agreement by Decision 84/2019 of the EEA Joint Committee on 29 March 2019.
The aim of the Prospectus Regulation is to ensure investor protection and market efficiency, while enhancing the internal market for capital, and providing a fully harmonized regime concerning the information to be contained in a prospectus. Furthermore, in order to encourage the use of capital market financing by small and medium sized businesses the regulation gives special consideration to such businesses.
LOGOS’ lawyers have extensive experience in prospectus disclosure, including in relation to cross-border offers and listings. Should you like to request more information regarding the transposition of the Prospectus Regulation and its effect on Icelandic law, please contact Olafur Arinbjorn Sigurdsson or Freyr Snaebjornsson, who frequently provide advice in this practice area.