# The Companies Act 1985 (Mutual Recognition of Prospectuses) Regulations 1991, Note: Explanatory note


(This note is not part of the Regulations)
Article 21 of Council Directive 89/298/EEC provides that aprospectus approved in accordance with the Directive in one member Stateshall be recognised as complying with the laws of other member States.These Regulations provide that a prospectus approved in another memberState shall be deemed to comply with certain provisions relating to thecontents of prospectuses contained in the Companies Act 1985.

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Source: https://www.legislation.gov.uk/uksi/1991/823/note (the official version)
Page: https://openlegislation.uk/companies-act-1985-mutual-recognition-of-prospectuses-regulations-1991/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.