Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-11-14-Speech-3-193"
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"en.20071114.28.3-193"2
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".
Mr President, the justification for the Commission’s proposal to the European Parliament is a new comitology procedure that significantly increases the powers of the European Parliament. It is a regulatory procedure combined with scrutiny. The rapporteur’s view, which deserves to be supported, is that the new procedure will apply to matters in regulations concerning securities prospectuses, such as measures relating to exemptions from the obligation to publish a prospectus, the format of the prospectus as well as third country equivalence.
This is the basis for the amendments tabled on behalf of the Committee on Economic and Monetary Affairs in the plenary vote. The report under consideration also gives additional impetus to the idea of significant progress in the harmonisation of regulations for European financial and stock markets. This is due in large part to the inexorable process of globalisation and partly to the Financial Services Action Plan from 1999.
At the same time it confirms the sound choice made at the beginning of the 1990s in countries such as Poland, where the reconstruction of capital markets was based on European standards, which is now simplifying the harmonisation of regulations across the European Union."@en1
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