-The Lisbon European Council set 2005 as the target date for completion of the Financial Services Action Plan and set near-term priorities including facilitating access to investment capital EU-wide by means of a 'single passport' for issuers; eliminating barriers to pension fund investment; greater efficiency/integration of government bond markets through improved consultation on debt issuing calendars, techniques and instruments, and improved functioning of cross-border sale and repurchase markets; enhancing the comparability of companies' financial statements; progress on the Takeover Bids Directive.
Financial Services Policy Group reviews Action Plan and discusses investment services reform and E-commerce
© European Commission
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