Question to the HM Treasury:

To ask Her Majesty's Government what assessment they have made of the eventual cost to HM Treasury of the European Union's proposed Prospectus Directive should it be enforced in the United Kingdom.

The Prospectus Directive 2003/71/EC was proposed by the European Commission on 30 May 2001. The Directive was published in the Official Journal of the European Union on 31 December 2003 and was transposed into UK law before entering into force on 1 July 2005.

The Prospectus Directive was updated by the Amending Directive 2010/73/EU on 11 December 2010. The Amending Directive was transposed into UK law in The Prospectus Regulations 2012.

The Government published an Impact Assessment, which covers costs, alongside the Explanatory Memorandum to these Regulations. It is publically available on the www.legislation.gov.uk website.