UNICE criticises consultation process

16 October 2001

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These comments focus on the consequences of the lack of formal consultation process of the commission before publication of the proposed instruments. According to UNICE the proposed directive raises serious questions for corporate issuers and practitioners in capital markets. The directive is predicated upon the equity markets and will lead towards more volatile asset markets, reduced security of supply, and reduce the relative competitiveness of the European single market.

© UNICE