The European Securities and Markets Authority has published the 14th version of its “Question and Answers” on prospectuses. (This was originally produced by CESR, the forerunner to ESMA.)
The document’s purpose is to “promote common supervisory approaches and practices in the application of the PD [Prospectus Directive] and its implementing measures. It does this by providing responses to questions posed by the general public and competent authorities in relation to the practical application of the PD”.
The Q+As contain a useful summary of the legislation that comprises the PD regime in the opening “Background” section.
See also: How the EU Directive that amends the PD regime will be implemented into UK law on 1 July 2012.
Company and Financial Law 