Paris Europlace

Paris Europlace WG strongly supports the proposed extension of compliance deadlines. However, we express concerns regarding the European Commissions ability to shorten these extended deadlines if it considers that sufficient standards, guidelines, or implementing acts have been published. Such discretionary power introduces a significant source of regulatory uncertainty for market participants.

EU REGISTRATION ID NUMBER 523145616037-10 Paris, 6 August 2021 Paris EUROPLACE’s response to the European Commission’s feedback on Artificial intelligence – ethical and legal requirements1 Paris EUROPLACE -which represents Paris International Financial Centre’s actors, French as well as international corporates, investors, banks, financial intermediaries and other financial services providers- welcomes the…

Opening of the attached position paper · the full paper is on the Commission’s record (source link above)

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…

Paris Europlace agrees with the RIS objective of attracting more retail investors to capital markets, but believes that fundamental issues in the proposal should be addressed first. Several proposals, including cost-centric value for money (VfM) & benchmark tests, an inducement ban for all non-advisory transactions, cheaper but incomplete independent advice, impracticability of a 3-year review clause, will not only…

Despite the intention to make reimbursement and doctroi procedures prior to the conventional benefits more efficient, the proposed Directive does not meet stakeholders’ expectations. With conflicting aims, several of its provisions appear inconsistent, ineffective and non-operational.

Filed in French · English published by the European Commission

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, March 29th 2022 Paris EUROPLACE’s feedback to the European Commission’s proposal on Financial transparency – single EU access point for company information Paris EUROPLACE -which represents Paris International Financial Centre’s actors, French as well as international corporates, investors, banks, financial intermediaries and other financial services providers- welcomes the opportunity to contribute to the…

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…