From now on, companies will be able to raise funds a little bit easier as the government is updating some of the provisions regarding public offerings and issue prospectuses, reports Parkiet.

Some of the requirements – such as those relating to the presentation of financial information – have already been eased. A company now has to include financial data for only the last two years in its prospectus, rather than for the last 3 years, as had previously been the requirement.

Companies will also no longer be required to include financial statements. Now, companies only have to tell potential investors where such statements can be found.

The list of changes is much longer, but according to the Polish Financial Supervision Authority (KNF) they will not affect the quality of the Polish capital market.

“These new rules are the result of a compromise between making life easier for companies and providing investors with sufficient information,” said Łukasz Dajnowicz, a spokesperson for the KNF, adding that the part of a prospectus that is most important for investors – information about risk factors – remains unchanged.

Poland A.M.