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Alternative title:

Is Polish prospectus law competitive in comparison to other EU countries?

Subject and Keywords:

prospectus   prospectus exemption   Regulation 2017/1129

Abstract:

In order to improve the IPO environment in the European Union, a completely new prospectus law was introduced by the Prospectus Regulation (EU) 2017/1129, which replaced the previous Prospectus Directive. One of the most important changes brought by the new law is raising the threshold, below which a prospectus is not required, from 5 million EUR to 8 million EUR — subject to the autonomous decision of the Member States. Numerous Member States have made use of such an opportunity, introducing new exemptions in their national laws. Contrary to these trends, the Polish legislator has not decided, however, to amend the threshold and left it at the current level of 2.5 million EUR. The aim of this article is to assess the correctness and effects of such a decision from the comparative and economic perspective.

Place of publishing:

Wrocław

Publisher:

Wydawnictwo Uniwersytetu Wrocławskiego

Date issued:

2020

Date copyrighted:

2020

Identifier:

ISSN 1733-5779   ISSN 0239-6661

DOI:

10.19195/1733-5779.33.4

Source:

PAd 102060 II

Language:

eng   pol

Relation:

Studenckie Prace Prawnicze, Administratywistyczne i Ekonomiczne, ISSN 1733-5779. Nr 33, 2020, s. 41-60

Is version of:

Czasopisma Naukowe w Sieci (CNS)

Rights holder:

Copyright by Wydawnictwo Uniwersytetu Wrocławskiego Sp. z o.o.

Autor opisu:

WR U/PAdbg