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The Companies Act 1985 (Mutual Recognition of Prospectuses) Regulations 1991
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- 1991 No. 823
- Explanatory Note
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Explanatory Note
(This note is not part of the Regulations)
Article 21 of Council Directive 89/298/EEC provides that aprospectus approved in accordance with the Directive in one member Stateshall be recognised as complying with the laws of other member States.These Regulations provide that a prospectus approved in another memberState shall be deemed to comply with certain provisions relating to thecontents of prospectuses contained in the Companies Act 1985.
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