Paris Europlace

The lack of harmonised definition of an innovative company in the EU, nor of what constitutes a start-up or a scale-up hinders the implementation of appropriate and effective policies for these companies. It also leads entrepreneurs to adopt company statutes that are unsuited to their particular situation, resulting in costly administrative and regulatory burdens.

Paris Europlace fully supports the thought process on the harmonisation of business law within the European Union. The expected benefits of such defragmentation of business laws and corresponding markets would be: strengthening European sovereignty and competitiveness; reducing compliance costs for businesses; achieving economies of scale and facilitating cross-border growth; facilitating access to pan-European…

1. Harmonisation of the Shareholder Concept: A single EU definition of shareholder could disrupt national company and securities law without clear benefits. The absence of harmonisation is not viewed as a major issue in most Member States. SRD II aims to improve transparency and shareholder engagement, not to standardise ownership regimes.

Paris Europlace welcomes the reopening of the LCR Delegated Act, and fully concurs with the Commissions assessments that The eligibility of securitisations in the liquidity buffer is considered to be an important criterion for all market participants to invest in securitisations, as it enables them to find active counterparties on capital markets, including credit institutions, to trade their portfolios, and that…