Minister Donohoe signs Prospectus Amendment Regulations

The European Union Prospectus Amendment Regulations 2018 were signed by the Minister on 3rd August 2018. These Regulations fulfil Ireland’s obligation to transpose the provisions of the Prospectus Regulation (EU Regulation 2017/1129) that come into effect before 2019 into national law.

A prospectus allows for the provision of information which enables investors to make an informed investment decision, along with rules on the conduct of business and the protection of investors. Europe has a harmonised framework for the preparation and issuance of prospectus as set out in the Prospectus Directive.

Since the Prospectus Directive came into effect in 2003, there has been a number of legislative and market developments which means that our prospectus framework will be updated via the Prospectus Regulation (EU Regulation 2017/1129). The new Regulation will repeal and replace our existing framework in July of next year, but certain provisions came into effect in July of this year which the European Union Prospectus Amendment Regulations 2018 address.