Editorial

Author: | Published: 1 Jun 2005

As Europe enters the implementation stage of the Financial Services Action Plan the unintended consequences of regulation have become a leading concern among issuers, underwriters and their counsel.

As detailed by Michael Evans in this issue (page 9), confusion over terms in the Prospectus Directive means that companies listed on markets such as London's Alternative Investment Market (Aim) may find themselves subject to a regime they have tried to avoid.

Meanwhile, the effects of...