About this consultation

Consultation period
20 January 2017 - 17 March 2017
Banking and financial services

Responses to this consultation

Consultation outcome

We have received 178 responses and thank all those who have contributed to this consultation.

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Target group

All stakeholders, including private organisations and citizens, with an interest in the capital markets union are welcome to contribute to this consultation.

Objective of the consultation

The aim of the consultation is to seek feedback on how the current capital markets union (CMU) programme can be updated and completed so that it represents a strong policy framework for the development of capital markets, building on the initiatives that the Commission has presented so far.

The consultation offers an opportunity for stakeholders to provide targeted input to complement and advance the actions put forward in the CMU action plan, ahead of the 2017 mid-term review of the action plan.

Why does the consultation take less than 12 weeks?

The Commission services do not envisage fundamental changes to the conception or strategic focus of the CMU action plan adopted in September 2015, but rather targeted changes to update and reframe the programme of actions. A comprehensive consultation took place two years ago on the basis of the Commission's green paper Building a capital markets union of 18 February 2015.

Having consultation results available in mid-March enables the Commission to present the outcome of the consultation during the public hearing on CMU on 11 April 2017. The mid-term review of the CMU action plan is scheduled for June 2017, as announced in the Commission's Work Programme.

How to submit your response

Please note that in order to ensure a fair and transparent consultation process only responses received through the online questionnaire will be taken into account and included in the report summarising the responses.

Reference documents

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