European Commission Publishes Proposed Roadmap on Capital Markets Union Action Plan

The European Commission has published a proposed Roadmap setting out details of its new Action Plan on the Capital Markets Union. The CMU is an EU initiative seeking to enhance and further integrate the capital markets of EU Member States. An action plan to develop the initiative was first adopted in 2015 and has been commented upon and updated since then, most recently in June 2020 when a High-Level forum on the CMU published a final report with 17 recommendations for advancing the CMU.

The Commission's Roadmap details the Commission's latest proposed Action Plan on the CMU. Key objectives of the Action Plan are:
 

1. To improve the ecosystem for capital raising for EU businesses;
2. To support the creation of a more efficient pan-European capital markets infrastructure;
3. To promote greater retail investor participation and a better savings allocation; and
4. To promote cross-border investment and ensure better integration.

EU citizens and stakeholders are invited to comment on the proposals. Comments should be submitted by August 4, 2020.

View the Commission's Roadmap.

View details of the High-Level Forum's recommendations on the CMU.

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