Deutsche Börse Group

Deutsche Börse Group (DBG) welcomes the creation of a 28th regime in the form of an EU Inc., designed to enable innovative companies to operate under a single and harmonized EU framework for company law. We support this initiative as it holds the potential to reduce fragmentation across the 27 national company laws, lower administrative hurdles, improve financing options, facilitate cross-border business activities…

The Single Market is one of the EUs greatest strengths, yet the lack of unified corporate law continues to hinder cross-border business activity. Fragmentation across 27 national legal systems creates complexity, limits growth, and undermines Europes global competitiveness.

Deutsche Börse Group (DBG) welcomes the European Commissions proposal to amend the Sustainable Finance Disclosure Regulation (SFDR). The SFDR has been instrumental in enhancing transparency in sustainable finance, but its implementation has also revealed significant challenges, including legal uncertainty and undue complexity, which have hindered its effectiveness and created burdens for market participants.

Deutsche Börse Group (DBG) welcomes the ECs review of the SFDR alongside its continued simplification and burden reduction efforts within the sustainable finance framework. Firstly, we fully agree with the objectives of the SFDR in fostering an investment in sustainable finance and secondly, we share the critique raised by various stakeholders on the shortcomings of the current framework.

Deutsche Börse Group (DBG) welcomes the opportunity to provide feedback on the European Commission's Call for Evidence regarding the 'Omnibus' initiative to streamline tax rules. We support the goal of improving the business environment in the EU by reducing administrative burdens and enhancing tax certainty.

Deutsche Börse Group supports the European Commission's Citizens' Omnibus Initiative to reduce administrative burdens for citizens. We wish to draw attention to a critical area for simplification within financial services, where retail investors face significant onboarding frictions when accessing transparent, regulated markets.

ISS STOXX appreciates the opportunity to provide input to the European Commissions Call for Evidence on the possible review of the Shareholder Rights Directive (SRD or Directive). We offer our comments in our capacity as a provider of proxy research and vote recommendations (a proxy advisor, as defined by Article 2(g) of the SRD), and from the vantage point of serving a range of institutional investor clients…

Deutsche Börse Group (DBG) supports the objectives of the Shareholder Rights Directive (SRD II) to enhance shareholder engagement, improve corporate governance, and facilitate cross border investment. However, we would like to highlight that fragmented national implementation, incomplete standardization, and persistent manual processes have significantly limited the Directives effectiveness in practice.

Deutsche Börse Group strongly welcomes the European Commissions resolve to make the current transitory NSFR regime for securities financing transactions (SFTs) permanent. Upon the implementation of the NSFR in June 2021, European banks did not face significant challenges in adapting to the requirements due to the ECBs generous Targeted Long Term Refinancing Operations (TLTRO).