|
Among others, CESR set the scope to clarify to what types of securities each recommendation should apply. CESR also clarified the scope of its recommendation in relation to forecasts made outside the prospectus. A number of amendments have been introduced in the specialist issuers section. In addition, CESR has clarified that the recommendation on scientific research based companies applies only to companies that can be defined as start-up companies. CESR also establishes recommendations on the content of the document required in case of securities offered to employees or offers of shares allotted free of charge to existing shareholders.
Press release
Recommendation
Feedback statement