LONDON, 1-12-2015 — /EuropaWire/ — 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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1. AFME (Association for Financial Markets in Europe) promotes fair, orderly, and efficient European wholesale capital markets and provides leadership in advancing the interests of all market participants. AFME represents a broad array of European and global participants in the wholesale financial markets. Its members comprise pan-EU and global banks as well as key regional banks, brokers, law firms, investors and other financial market participants. AFME participates in a global alliance with the Securities Industry and Financial Markets Association (SIFMA) in the US, and the Asia Securities Industry and Financial Markets Association (ASIFMA) through the GFMA (Global Financial Markets Association). For more information please visit the AFME website: www.afme.eu.
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