The Court of Justice of the European Union, on Thursday, ruled that qualified investors can bring a liability action against a company on the ground of inaccurate information in its initial public offering prospectus even if the document is only issued for retail investors.
The British retail fundraising fintech is starting its international development from France, where its addressable market could reach up to 50 deals per year with local public companies.
Accor Acquisition Company (AAC), a corporate Special Purpose Acquisition Company (SPAC), raised €300m through its listing on Euronext Paris.
More than 10 million individuals work in fund-supported companies.
The Association of Financial Markets in Europe (AFME) said that after removing technical trades, volumes of over the counter (OTC) and Systematic Internaliser (SI) trades are much lower (17%) than the share (47%) provided by EU securities regulator European Securities and Markets Authority (ESMA).
Disruptive repricing in major financial market asset classes, sustainability of sovereign, household and non-financial corporate debt and the stress on the banking sector have been flagged as key risks to financial stability in Europe.
Mairead McGuinness, Commissioner for European financial services, announced that the European Commission will be launching a public consultation on regulations governing auditing firms after this summer.