On 25 November, the European Commission (EC) released the following legislative proposals, as a result of commitments made in the 2020 Capital Markets Union (CMU) Action Plan.
The measures aim to improve the European capital markets and aid economic recovery from COVID-19, as well as facilitate the transition to a digital and green economy.
The package includes updates to:
- Markets in Financial Instruments Directive (MiFID)
- Alternative Investment Fund Managers Directive (AIFMD)
- European Long Term Investment Fund (ELTIF)
- European Single Access Point (ESAP)
To view the EC’s press release click here.
Next steps involve discussions on these proposals. If you would like to discuss any of the above and are part of an ISLA member firm, please join our Regulatory Steering Group.