First substantial step towards a Capital Markets Union

The Federation of European Securities Exchanges (FESE) welcome today’s publication of the Prospectus Regulation, which could reduce the administrative burden and costs for companies wishing to be listed on public markets.

FESE fully supports increased equity market financing in Europe and further simplification of the prospectus regime is the first of many substantial steps that can be taken in order to achieve a Capital Markets Union.

Rainer Riess, Director General said:
‘Europe needs a paradigm shift to more equity financing in order to increase funding choices for the economy and to recalibrate to job creation and growth. The Prospectus Regulation proposal is an important first step to reduce frictional costs and to deliver on a more unified European capital market, improving funding choices for issuers and better investment opportunities for investors.’

As outlined in our response to the Commission’s Action on Capital Markets Union, we strongly support the initiative to review and analyse the Prospectus Regime, and fully support any initiative that further facilitates access to capital markets for companies seeking finance, this review will hopefully result in faster prospectus approvals.

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