Prospectus & Memorandum
Limited liability companies must prepare a prospectus and receive an approval from The Swedish Financial Supervisory Authority (Finansinspektionen) when transferable securities (e.g. shares, bonds or derivative instruments) are offered to the general public or admitted to trading on a regulated market. A competent legal advisor is often a valuable support during this process. Other advisors are usually included in the process as well.
Do you want more information about prospectuses and memorandums?
A prospectus shall contain all the necessary information for investors to be able to make an informed assessment of the issuer (the company). The content is regulated by the EU Prospectus Regulation and the marketplace regulations.
A prospectus is not required if the securities offered to investors within the EEA, during a 12-month period, amounts to a maximum of EUR 2.5 million. If the offer is below the limit, a memorandum may be required instead. A memorandum does not need to be reviewed nor approved by Finansinspektionen. The requirements are overall less extensive than for prospectuses.
MCL act as a legal advisor and can assist your company with preparations and necessary legal documentations regarding prospectuses and memorandums.