Monday 21 July 2008

Europe: cross border private placement - Commission finds prima facie case for action at EU level

The European Commission has published an impact assessment in which it considers whether action is needed at European level in order to facilitate cross border private placements.  In its assessment the Commission notes the problems with cross-border private placements and finds that an EU private placement regime - not necessarily a legal framework - could help overcome the problems. The Commission has considered a number of options with regard to such a regime but its analysis has revealed that there is insufficient data and information to reach firm recommendations at this stage. It will therefore be continuing its impact assessment work.

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