Question at hand
Evdokimov M.A. —
The Capital Markets Union and legislative reform of the EU Single Financial Market
// International Law.
– 2019. – ¹ 3.
– P. 1 - 7.
DOI: 10.25136/2306-9899.2019.3.29918 URL: https://en. nbpublish.com/library_read_article.php?id=29918
Read the article
This article examines the key measures of the project of building the Capital Markets Union (CMU), introduced in form of legislative proposals of the European Commission in accordance with provision of the Strategy on building CMU of 2015 and Midterm Review of 2017. The European Union is determined to reform the current regulatory acts in the sphere of financial services and introduce a number of new ones for regulating the areas that have not previously been the subject of attention for a European legislator. The author reviews the relevant reforms of the European Union that touch upon the Prospectus Directive, activity of insurance and investment companies, and financial instruments market. The author concludes that the important project of CMU aimed at realization of one of the key freedoms of domestic market – freedom of capital flow, is yet to be completed. Due to the dynamic development of financial markets in the European Union, substantiated particularly by the advancement of modern technologies, the implementation of the project of CMU attains a long-term character.
financial law, Domestic market, capital, capital markets, financial integration, European Union Law, European Union, insurance, reforms, European Commission
Sommission delegated regulation (EU) …/... amending Commission Delegated Regulation (EU) 2017/565 as regards certain registration conditions to promote the use of SME growth markets for the purposes of Directive 2014/65/EU of the European Parliament and of the Council. [Electronic resource] / EUR-Lex. – 2014.-Mode of access: https://eur-lex.europa.eu/legal-content/HU/TXT/?uri=PI_COM:Ares(2018)2681237(data obrashcheniya – 10.02.19).
Regulation (EU) No 346/2013 of the European Parliament and of the Council of 17 April 2013 on European social entrepreneurship funds. [Electronic resource] / EUR-Lex. – 2014.-Mode of access: https://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1551073112258&uri=CELEX:32013R0346(data obrashcheniya – 10.02.19).
Regulation (EU) No 345/2013 of the European Parliament and of the Council of 17 April 2013 on European venture capital funds. [Electronic resource] / EUR-Lex. – 2014.-Mode of access: https://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1551072959378&uri=CELEX:32013R0345(data obrashch