08 June 2017

EuropeanIssuers: EU quoted companies' views on CMU Mid-Term review

EuropeanIssuers, representing the interests of publicly quoted companies across Europe, welcomes the Commission’s renewed commitment to the Capital Markets Union Action Plan contained in its Communication on the Mid-Term Review published.

Florence Bindelle, Secretary General of EuropeanIssuers, said: “We support the Commission’s growth agenda which puts emphasis on the importance of the real economy, the need to stimulate investment, and recognizes the importance of strong capital markets in delivering growth and jobs.”

EuropeanIssuers believes that capital markets exist to serve the real economy – companies and investors. What EU quoted companies seek from capital markets is flexible access to capital, good risk management, transparency of ownership, effective dialogue with investors, access to market information, sound advice from corporate advisers and transparency of costs charged by intermediaries. To strengthen long-term investment, we need EU legislation that creates an environment in which companies can grow and create jobs, easily raise capital through public markets, deliver sustainable growth over the longer term, whilst investors are well informed.

Tim Ward, co-chair of the Smaller Issuers Committee of EuropeanIssuers, welcomed the announced SME Growth Markets initiatives and an impact assessment aimed at targeted amendments to relevant EU legislation to deliver a more proportionate regulatory environment to support SME listing. He commented: “These proposals provide an excellent opportunity for the needs and challenges of the small and mid-caps to be finally addressed. For capital markets to flourish, we need a holistic approach with proportionate rules for smaller and mid-size listed companies”.

Full press release

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