Short Reads

Capital Markets Union Midterm Review

Capital Markets Union Midterm Review

Capital Markets Union Midterm Review

13.06.2017

On 8 June 2017, the European Commission (the “EC”) released its midterm review of its Capital Markets Union Action Plan (the “CMU Action Plan”), which, among other things, seeks to strengthen Europe’s financial system by providing alternative sources of financing and more opportunities for consumers and institutional investors.  The CMU Action Plan forms a key pillar of the EC’s Investment Plan for Europe, and the midterm review highlights the EC’s delivery of almost two-thirds of the 33 measures forming the CMU Action Plan.

Actions under the CMU Action Plan noted as outstanding include legislative proposals (i) on a pan-European personal pension product to help individuals finance their retirement, (ii) for an European Union framework on covered bonds to help banks finance their lending activity, and (iii) concerning securities laws to increase legal certainty on securities ownership in the cross-border context.

The EC published additional materials fleshing out its midterm review, including a Q&A, Fact Sheet, Staff Working Document, and Communication.

Team

Related news

12.03.2019
Entry into force of the RBE Regulation and update

Articles - The Grand-Ducal Regulation of 15 February 2019 on the registration, payment of administrative fees and access to information recorded in the register of beneficial owners (the “RBE Regulation”) entered into force on 1 March 2019 and depicts the practical aspects of the Law of 13 January 2019 establishing a beneficial owner register (the “RBE Law”). Another document, the LBR Circular 19/01 (the “Circular”) issued by the Luxembourg Business Registers on 25 February 2019  further describes the new register of beneficial owners (the “RBE”) with the aim of helping users. 

Read more

22.02.2019
Lost your passport - How a hard Brexit will affect UK financial institutions’ access to the Belgian financial market

Articles - FSMA gives local guidance - Belgian legislature prepares contingency measures The UK is due to leave the European Union on 29 March 2019. Unless specific arrangements granting the UK at least a temporary status quo will be adopted before 29 March 2019, the UK financial industry will be considered third-country entities and will therefore be seriously restricted in carrying on their activities in the EEA, including Belgium.

Read more

Our website uses functional cookies for the functioning of the website and analytic cookies that enable us to generate aggregated visitor data. We also use other cookies, such as third party tracking cookies - please indicate whether you agree to the use of these other cookies:

Privacy – en cookieverklaring