Moreover, even the capital market depends on the profitability and competitiveness of the banking sector for its smooth operation and deepening, because banks are involved as both service providers and users at various stages of the securities and derivative intermediation chain. In this sense, the Capital Markets Union should be seen, not as an alternative, but as a complement, to a well-functioning Banking Union.
These core provisions include registration and information duties vis-à-vis the competent supervisory authorities, minimum capital requirements, disclosure requirements towards investors and targeted organisational and operational stipulations. Moreover, private equity fund managers will be subject to specific information duties when investing in a non-listed company.