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13 December 2007

CESR starts work on Employee Share Scheme Prospectuses




CESR published a letter from Commissioner Charlie McCreevy to CESR’s Chairs requesting CESR’s assistance on the issue of employee share schemes. The Commission is requesting regulators to adopt a common light-touch approach under the Prospectus Directive and Regulation for offers to employees.

 

CESR intends to analyse the possibility to agree a short-form disclosure regime for offers to employees in those cases where a prospectus is required.

 

CESR does not envisage undertaking a formal consultation process. However, the deadline for comments is 31 January 2008.

 

Public statement



© Graham Bishop


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