Podcast Location:
Download it here [file size: 22.7 MB]
Part of:
In Focus: the Law of Finance - 2013 CPD Training Bundle
Banking and Financial Services
CPD Points:
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  • FREE
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
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Course Aims:

This CPDcast sheds a much sought after light on the law of prospectuses from a leading expert in the law of securities.

Professor Alastair Hudson explains the basics and beyond – what is meant by a prospectus, how do prospectuses operate in practice and where do they sit within both domestic and European regulation?

After completing the course you will:
  • Be aware of the background against which prospectuses developed;
  • Understand the function of the prospectus within securities law;
  • Know what key European and Domestic legislation governs prospectuses;
  • Know what information is required within a prospectus.
Specialist Difficulty: 5 of 5
Sources and References:
  • Consolidation and Reporting Directive;
  • The EU Prospectus Directive;
  • FCA Handbook – Prospectus Rules Financial Services Act 2006;
  • Financial Services and Markets Act 2000;
  • Henderson v Kisch (1867) L.R. 2 H. L 99, 113;
  • Hudson, A. (2013), Securities Law, 2nd edition, London: Sweet & Maxwell Ltd;
  • Hudson, A. (2013), The Law of Finance, 2nd edition. UK – Sweet & Maxwell Ltd;
  • Larosiere Report;
  • New Brunswick and Canada Rly and Land Co v Muggeridge (1860) 1 Dr & SM 363;
  • Possfund Custodian Trustee Ltd v Diamond [1996] 1 WLR 1351;
  • Prospectus Directive 2005;
  • Prospectus Regulations 2005;
  • Smith New Court Securities v Scrimgeour Vickers [1996] UKHL 3;
  • Transparency Directive.

In this CPDcast, Professor Alastair Hudson, author of the leading text on securities law and Professor of Equity and Finance Law at the University of Southampton, sheds light on the law governing prospectuses.


Date Recorded: 4th July 2013

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