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Some principles of disclosure for asset backed securities under the EU Prospectus Regulation 2004

Tanega, Joseph (2008) Some principles of disclosure for asset backed securities under the EU Prospectus Regulation 2004. The Journal of International Banking Law and Regulations, 3 (6). pp. 294-301. ISSN 0267-937X

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Abstract

In the centre of the credit crisis are asset backed securities and at the core of asset backed securities are the disclosures required by securities law. This article examines some of the principles relating to disclosures for asset backed securities under the EU Prospectus Regulation (the PR) 2004 Commission Regulation (EC) no. 809/2004, amended as per Commission Regulation (EC) no. 211/2007 of February 27, 2007. We offer an interpretative framework that suggests the European Court of Justice may use US law over Member State law for the interpretation of European legal doctrines and set out the major legal principles that may be invoked under the PR to justify particular disclosures for asset backed securities.

Item Type:Article
Uncontrolled Keywords:Asset backed security, prospectus regulation, prospectus directive
Research Community:University of Westminster > Law, School of
ID Code:6577
Deposited On:27 Apr 2009 12:47
Last Modified:27 Apr 2009 12:47

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