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András Kecskés University of Pécs, Pécs, Hungary

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The European Commission has started the review of the prospectus regulation scheme in 2013 in order to facilitate the development of the Capital Markets Union. One of the aims of the reforms intends to give access to small —medium sized enterprises (SMEs) to the capital markets throughout Europe. The reason behind that is to make those companies less dependent on loans and other debt-based capital raising methods to unlock their full potential. Studies have shown that the European SME sector is heavily dependent on banks for financing, which actually hurts their prospects in the long run. Gaining access to the public capital markets can be mainly achieved by getting listed. Unfortunately, there are many regulatory hurdles which a company must face in order to successfully launch themselves on stock exchanges. One of such is the preparation of the so-called prospectus document. The aim of the paper is to explore the mandatory content requirements for prospectuses in Europe for SMEs and through that to find out if the current provisions are adequate.

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Editor-in-Chief: 

  • Éva JAKAB (Károli Gáspár University of the Reformed Church, Department of Civil Law and Roman Law, head of Doctoral School of Political Science and Law, Hungary)

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  • Fruzsina GÁRDOS-OROSZ (HUN-REN Centre for Social Sciences, Institute for Legal Studies, Hungary; Eötvös Loránd University, Faculty of Law, Hungary)
  • Miklós KÖNCZÖL (HUN-REN Centre for Social Sciences, Institute for Legal Studies, Hungary; Pázmány Péter Catholic University, Faculty of Law and Political Sciences, Hungary)
  • Viktor LŐRINCZ (HUN-REN Centre for Social Sciences, Institute for Legal Studies, Hungary)
  • Tamás HOFFMANN (HUN-REN Centre for Social Sciences, Institute for Legal Studies, HU; Corvinus University of Budapest, Institute of International, Political and Regional Studies / Department of International Relations, Hungary)
  • Eszter KOVÁCS SZITKAY (HUN-REN Centre for Social Sciences, Institute for Legal Studies, HUNGARY; Ludovika University of Public Service, Doctoral School of Law Enforcement, Hungary)

Editorial Board

  • Attila BADÓ (University of Szeged, Faculty of Law and Political Sciences, Hungary)
  • Mátyás BÓDIG (University of Aberdeen, King's College, School of Law, United Kingdom)
  • Zoltán CSEHI (Eötvös Loránd University, Faculty of Law, Hungary; Pázmány Péter Catholic University, Faculty of Law and Political Sciences, Hungary)
  • Péter CSERNE (University of Aberdeen, King's College, School of Law, United Kingdom)
  • Balázs GELLÉR (Eötvös Loránd University, Faculty of Law, Hungary)
  • András JAKAB (Paris Lodron Universität Salzburg, Faculty of Law, Business and Economics, Austria)
  • Miodrag JOVANOVIĆ (University of Belgrade, Faculty of Law, Serbia)
  • Miklós KIRÁLY (Eötvös Loránd University, Faculty of Law, Hungary)
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  • Zoltán SZENTE (HUN-REN Centre for Social Sciences, Institute for Legal Studies, Hungary)
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Hungarian Journal of Legal Studies
Language English
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2016 (1959)
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ISSN 2498-5473 (Print)
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