000			01197cam a2200229 4500
001			WB3741-03
008			011030n2001 000 0 eng u
035			_a(Sirsi) u115392
245			_a'Catastrophic' EC rules threaten smaller firms
260			_c2001
490			_aDaily Telegraph _v 29 October 2001, 32(1)
520			_aUnder 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.
590			_aWB
650			_aEUROPEAN COMMISSION
650			_aSMALL BUSINESSES
650			_aDIRECTIVES
650			_aEUROPE
650			_aCAPITAL MARKET
650			_aALTERNATIVE INVESTMENT MARKET
690			_aMANAGEMENT-BUSINESS MANAGEMENT
942			_n0
999			_c68714 _d68714