The European Commission has published proposed amendments to the Prospectus Directive. The changes are mainly designed to reduce administrative burdens, but include some provisions aimed at improving information for retail investors, which may make drafting disclosure documents more, rather than less, difficult.
A Linklaters briefing on the proposals is available at http://www.linklaters.com/pdfs/publications/capitalmarkets/PD_Proposal_MND_ClientNote.pdf.
