The EU Prospectus Regulation and German “Implementing” Legislation – More Flexibility for Issuers, Tougher Sanctions and a More Powerful Regulator

While the EU Prospectus Regulation (the “Regulation”) is directly applicable European law and will generally apply in full throughout the EU from July 21, 2019 without further implementation into national law, the Regulation still requires various amendments to German law which we will discuss in this memorandum.