-Responding to the two Commission proposals adopted today on a single prospectus for share
offers and market abuse, Economic and Monetary Affairs Committee Chair Christa
Randzio-Plath said 'The Committee on Economic and Monetary Affairs takes note of the
adoption today by the Commission of two proposals for Directives on Prospectuses and
Market Abuse, which apply the Lamfalussy approach to securities regulation. These proposals
will be the subject of a preliminary discussion at our meeting of 19-20 June. In order for the
Lamfalussy approach to be successfully applied, we need to reach an agreement with the
Commission before the Göteborg summit, as requested by ECOFIN on 7 May. As
demonstrated by the proposals outlined in our letter of 19 April, the European Parliament is
ready to open wide the window for co-operation, but in the absence of a constructive response
from the Commission, the Treaty prevails.'
Agreement Sought
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