The Commission has published a new package of proposals that it wishes to see adopted by mid-2019.
The proposals will ‘put in place all building blocks of the Capital Markets Union’, and comprise:
- legislative proposals on facilitating cross-border distribution of investment funds, to boost the cross-border market for investment funds;
- a legislative proposal on covered bonds, to promote the EU market for covered bonds as a source of long-term finance; and
- a proposal on cross-border assignment of claims and communication on the law applicable to securities, to ensure greater certainty for investors when dealing in cross-border transactions of securities and claims.