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European commission adopts package of measures for the recovery of the capital markets

On 24 July 2020, the European Commission decided on a package of measures for the recovery of the capital markets.

With respect to the Prospectus Regulation, the European Commission proposes temporary measures to address the economic impact of the COVID-19 pandemic and permanent changes to the information requirements and the right of withdrawal in connection with the publication of prospectus supplements. The proposal also provides for an increase in the threshold for the permanent issuing privilege of banks from EUR 75 million to EUR 150 million and the introduction of a 30-page EU reconstruction prospectus for share issues, both limited to 18 months.

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