'Catastrophic' EC rules threaten smaller firms
'Catastrophic' EC rules threaten smaller firms
- 2001
- Daily Telegraph 29 October 2001, 32(1) .
Under new proposals from the European Commission to open up Europe's capital markets, UK companies will face extra costs totalling more than £150,000 annually. The directive could become law as early as 2002, and will make it compulsory for listed companies to produce an annual prospectus for use across Europe. The Quoted Companies Alliance (QCA) argues the costs associated with the planned directive will be disastrous for smaller companies such as those listed on the Alternative Investment Market. The QCA says that few smaller firms ever try to raise money outside their domestic markets.
EUROPEAN COMMISSION
SMALL BUSINESSES
DIRECTIVES
EUROPE
CAPITAL MARKET
ALTERNATIVE INVESTMENT MARKET
Under new proposals from the European Commission to open up Europe's capital markets, UK companies will face extra costs totalling more than £150,000 annually. The directive could become law as early as 2002, and will make it compulsory for listed companies to produce an annual prospectus for use across Europe. The Quoted Companies Alliance (QCA) argues the costs associated with the planned directive will be disastrous for smaller companies such as those listed on the Alternative Investment Market. The QCA says that few smaller firms ever try to raise money outside their domestic markets.
EUROPEAN COMMISSION
SMALL BUSINESSES
DIRECTIVES
EUROPE
CAPITAL MARKET
ALTERNATIVE INVESTMENT MARKET