The European Commission has on December 7, 2022, put forward measures to further develop the EU’s Capital Markets Union (CMU):
- to make EU clearing services more attractive and resilient, supporting the EU’s open strategic autonomy and preserving financial stability.
- to harmonise certain corporate insolvency rules across the EU, making them more efficient and helping promote cross-border investment.
- to alleviate – through a new Listing Act – the administrative burden for companies of all sizes, so that they can better access public funding by listing on stock exchanges.
For more information, a press release on the package, a Q&A on the corporate insolvency and listing proposals, a Q&A on the clearing proposal and factsheets (1) & (2) explaining elements of the package are available online.