Minutes of a meeting between members of ifsProShare and representatives of the EU Commission and the Financial Services Authority on the Prospectus Directive. The note considers:
- whether transferable options or awards are covered by the Prospectus Directive;
- how the 2.5 million euro exemption applies to free shares;
- how the operation of an employee share plan can affect a company’s home member state;
- what sort of securities a company has to have listed in the EU to take advantage of the employee share schemes exemption.