Companies listing on the UK’s Alternative Investment Market (AIM) could be forced to comply with Europe’s Prospectus Directive despite the exchange’s efforts to remove itself from the new regime. The Directive, which takes effect on July 1, would impose strict form and content rules on the smaller-cap growth market’s issuers, requiring a comprehensive three-part prospectus and detailed financial information for deals worth more than €2.5 million or those offered to more than 100 investors.
AIM opted for exchange-regulated status in 2004 to prevent its listed companies from having to comply with the EU rules, which apply only to companies listed on an EU regulated exchange.
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