The Commission has largely delivered on the individual actions announced in the 2015 CMU action plan and the 2017 mid-term review. The European Parliament and Member States have so far agreed on 12 out of 13 legislative proposals put forward by the Commission.
- Simple, transparent and standardised securitisation to broaden investment opportunities and boost lending to Europe’s households and businesses.
- Prospectus regulation to facilitate access to financial markets for companies, particularly small and medium-sized enterprises.
- Several measures relating to collective investment funds, such as setting up the European Venture Capital Fund Regulation (EuVECA) and European Social Entrepreneurship Funds Regulation (EuSEF) to stimulate venture capital and social investment in the EU and facilitating cross-border distribution of collective investment funds to remove burdensome requirements and harmonise diverging national rules.
- Pan-European Personal Pension Product (PEPP) to give citizens more and better options for retirement savings.
- Covered bonds to provide a source of long-term financing for banks in support to the real economy.
- Crowdfunding to improve access to this innovative form of finance for start-ups, while maintaining investor protection.
- Investment firms review to ensure a level playing field between the large and systemic financial institutions while introducing simpler rules for smaller firms.
- Preventive restructuring, second chance and efficiency of procedures to provide honest entrepreneurs with a second chance and facilitate the efficient restructuring of viable companies in financial difficulties.
- Promotion of SME Growth Markets to cut red-tape for small and medium-sized enterprises trying to access capital markets.
- Third party effects on assignment of claims to enhance legal certainty about the applicable national law to the effects on third parties where a claim is assigned cross-border.
- European Supervisory Authorities review including anti-money laundering rules to enhance supervisory convergence and strengthen enforcement, including against money laundering and terrorist financing.
- European market infrastructure regulation (Supervision) to ensure that the EU supervisory framework effectively anticipates and mitigates risk from EU and non-EU central counterparties servicing EU clients.