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The regulation is part of the EU's plan to develop a fully functioning capital markets union. It will also help boost investment, in line with the EU's 'investment plan for Europe'.
"The new rules will help diversify the funding sources available for businesses and long-term projects in Europe", said Toomas Tõniste, minister for finance of Estonia, which currently holds the Council presidency. "By making it easier for them to raise money on capital markets, the aim is that businesses should not rely exclusively on bank loans."
2017 regulation on European venture capital and social entrepreneurship funds