Commenting on the publication of the draft Prospectus Regulation today, Simon Lewis, Chief Executive of AFME, said:

“We welcome this draft proposal as it represents an important first step towards meeting the objectives set out in September’s CMU action plan. SMEs, in particular start-ups and companies seeking capital to expand, will benefit from this proposal, lowering the barriers for raising capital and stimulating cross-border funding. Significantly, the improvement of passporting arrangements will make it simpler for issuers to access markets across the EU, giving them access to a wide range of investors without creating additional costs or administrative burden.”

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