EU Recovery prospectus proposal

10-11-2020 - 15:51
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MCO unanimously adopted the draft opinion to ECON on the EU Recovery prospectus (Rapporteur for the opinion: Ms Virginie Joron, ID) with 44 in favour, none against and no abstentions.

The opinion stresses that a Single Market approach that avoids fragmentation between Member States in the set-up of the EU Recovery prospectus is essential and that attention should be paid to specific needs of SMEs and start-ups. The EU Recovery prospectus should enable issuers and financial intermediaries to reduce costs and free up resources for the recovery from the COVID-19 pandemic, while protecting interests of retail investors and consumers. According to the opinion, the measure, which is limited to the recovery phase from the pandemic, should be available for 21 months rather than 18 months as in the Commission proposal.