Judgment_paragraph 33 · Almer Beheer BV and Daedalus Holding BV v Van den Dungen Vastgoed BV and Oosterhout II BVBA (C-441/12)

33It follows that the protection of investors and the proper functioning and development of markets form the fundamental core of the objectives pursued by the Prospectus Directive. In view of those objectives, the publication of a prospectus is intended, first, to enable investors to assess the risks linked to the offer of securities to the public or the admission of those securities to trading, so as to enable them to make an informed decision, and, secondly, to ensure that the proper functioning of the markets concerned is not hindered by irregularities.