(22)Best practices have been adopted at international level in order to allow cross-border offers of equities to be made using a single set of disclosure standards established by the International Organisation of Securities Commissions (IOSCO); the IOSCO disclosure standards 9 will upgrade information available for the markets and investors and at the same time will simplify the procedure for Community issuers wishing to raise capital in third countries. The Directive also calls for tailored disclosure standards to be adopted for other types of securities and issuers.
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New version applies from 04/01/2011 — introduced by Directive 2010/73/EU, Directive 2010/78/EU.
79 provisions change.
Later versions: 26/11/2013, 23/05/2014, 20/07/2017, 21/07/2018, 21/07/2019.
Recital 22 changes in this version: compare with the current text.
Recital 22
- 9 International disclosure standards for cross-border offering and initial listings by foreign issuers, Part I, International Organisation of Securities Commissions, September 1998. ↩