Business and Personal Finance Dictionary

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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', i.e. that a prospectus that has been approved by the appropriate competent authority of one member state is mutually recognized by the competent authorities of all other member states.
  
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