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The QCA Markets and Regulations Committee, with input from the Legal Committee, drafted this response to the European Commission's proposals for amending the Prospectus Directive, as part of its overall review of the functioning of the Directive.  The QCA argued that we believe that it is imperative that the financial limit above which a prospectus is required is raised to €10 million and that offers to existing holders of securities are exempted from the need for a prospectus.

Click here to read the response (pdf)

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