The European Commission (Commission) has published a consultation paper seeking targeted input on revisions to the Capital Markets Union (CMU) Action Plan.

The aim of the consultation is to seek feedback on the current CMU programme in order to see if it can be updated. The current upcoming priorities for building the CMU are:

  • personal pensions, the Commission will work on a proposal for a simple, efficient and competitive EU personal pension product aimed at reducing barriers to the provision of pension services across borders and increasing competition between pension providers;
  • promote the Fintech sector and ensure that the regulatory environment strikes an appropriate balance. The Commission has set up an internal task force that brings together services responsible for financial regulation, for the Digital Single Market, competition and consumer protection policy. The Commission expects to propose measures during the course of this year; and
  • sustainable finance. The Commission has created a high level expert group which will propose operational policy recommendations by the end of this year.

The deadline for responding to the Commission’s consultation is 17 March 2017.  The Commission will present a mid-term review of the CMU Action Plan in June 2017.

View Public consultation on the Capital Markets Union mid-term review 2017, 20 January 2017