Capital Markets Union Package

25/01/2022

The 25 November 2021, the European Commission released its Capital Markets Union Package, a major step in the definition of what future EU capital markets will look like.

It encompasses:

  • The creation of a European Single Access Point (ESAP) for public financial and sustainability-related information about EU companies and EU investment products. ESAP is meant to offer by 01/01/2026 a complete single access point including public financial and sustainability-related information published on a mandatory and voluntary basis by financial and non-financial undertakings on their entity and, where relevant, on their investment products. Transfer of the relevant data into ESAP will though start from 01/01/2024.

  • The review of the European Long-Term Investment Funds (ELTIFs) Regulation, to increase the attractiveness of ELTIFs and make it easier for retail investors to invest in them,

  • The review of the Alternative Investment Fund Managers Directive (AIFMD), aiming at harmonizing the rules around loan-originating funds (debt funds), to facilitate lending to real economy,

  • The review of the Markets in Financial Instruments Regulation (MiFIR), with a strong focus on the enhancement of transparency rules. The flagship measure concerns the implementation of European CTPs (Consolidated Tape Provider) accessible to all investors.

 

 

Head of Knowledge Management Strategy and Market Infrastructure - SGSS