Clifford Chance
New Dutch regulation may discourage cross-border securities offerings into the Netherlands
30 June 2011
The mandatory use of a new Dutch standardised exemption warning on offering materials could prove to have considerable impact on exempt offerings of securities in the Netherlands.
Despite widespread concerns, the AFM introduces the requirement to include a "health warning", the so called Wild West Sign in marketing materials and prospectuses for offerings of securities which are exempt from prospectus requirement under the EU Prospectus Directive.
The attached client briefing outlines the different issues.
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