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Prospectus directive
A directive of the European Commission requiring the implementation into the national law of all member states of the European Union of a set of common standards for securities prospectuses. A key feature of this directive is that of 'mutual recognition', such that a prospectus that has been approved by the appropriate competent authority of one member state is mutually recognised by the competent authorities of all other member states.
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- Part of Speech: noun
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- Industry/Domain: Financial services
- Category: Private equity
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