The stock exchanges in London and Luxembourg have struck back in their battle with non-EU exchanges for domination of Eurobond listings once the EU’s Prospectus Directive takes effect on July 1.
They have both unveiled a strategy for dealing with competition from rivals, several of which aim to attract non-EU issuers by offering a chance to avoid new EU regulation.
Both London and Luxembourg propose to sidestep the parts of the Prospectus Directive that are unappealing to issuers.
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