Capital Markets Union Commission Welcomes Agreement On Sustainable Investment Disclosure Rules

To this end, 16 measures have been identified as priorities to facilitate the financing of European companies, in particular SMEs, and to improve investors` access to capital markets. Harmonisation of supervision and tax and insolvency issues is essential to remove barriers to cross-border investment. In particular, the AMF welcomes the inclusion in the Commission`s action plan of an approach towards more integrated European supervision. This integration will ensure uniform application of the rules in all Member States and is an absolute condition for the establishment of a genuine Capital Markets Union. In this respect, the political commitment of Member States to support efforts to establish the Capital Markets Union will be essential. Today, the European Union`s priority is to emerge from the unprecedented economic crisis caused by the coronavirus. Faced with this situation, the Commission considers that the development of European capital markets is essential to guarantee and improve access to market finance. Jyrki Katainen, Vice-President for Jobs, Growth, Investment and Competitiveness, said: “The Paris Agreement is a huge investment opportunity. We must seize them. Today`s agreement will help Europe`s financial sector become the world`s leading target for investment in green technologies. The European Commission welcomes today`s political agreement by the European Parliament and EU Member States on new rules on disclosure requirements related to sustainable investments and sustainability risks. The Sustainable Finance Action Plan is part of the broader efforts of the Capital Markets Union (CMU) to combine financing with the specific needs of the European economy for the benefit of the planet and our society and is one of the most important steps in the implementation of the historic Paris Agreement and the EU`s Sustainable Development Agenda. “Commission publishes draft rules to ensure that investment firms and insurance distributors take sustainability issues into account in their advice to clients”, 4 Jan 2019 The agreed rules will strengthen and improve disclosure by financial product manufacturers and financial advisors to investors.

These rules, first proposed by the Commission in May 2018 as part of the Sustainable Finance Action Plan and the Capital Markets Union, are an integral part of the EU`s efforts under the EU`s Sustainable Development Agenda and the Climate Neutrality Agenda to link financing to the needs of the real economy. . . .

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