It will also lead to the effective adoption the single passport concept and contribute to safeguarding issuers and investors’ interests. This would also be supported by the provisions of the Market Abuse and Prospectuses Directives.
The adoption of an appropriate set of International Accounting Standards, as well as the proposed Transparency Directive, dealing with disclosure requirements of listed companies, should equally enhance investors’ confidence and uphold the transparency of European equity markets. Overall, I also observe that there is an increasing sense of shared interests and aims among public authorities, market players and other stakeholders in securities markets.