Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-15-Speech-2-478"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-06-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:Securities to be offered to the public and harmonisation of transparency requirements (debate)2
dcterms:Language	"sv"^^xsd:language2
lpv:document identification number	"en.20100615.29.2-478"2
lpv:hasSubsequent	lp_eu:2010-06-15-Speech-2-4792
lpv:speaker	lp:Olle Schmidt2
lpv:spokenAs	member; ECON (2009-07-16--2012-01-18)3 substitute; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2010-11-21)3 member; Special Committee on the Financial, Economic and Social Crisis (2009-10-08--2011-07-31)3 substitute; IMCO (2009-07-16--2012-01-18)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 member; Delegation to the ACP-EU Joint Parliamentary Assembly (2009-09-16--2014-06-30)3 member_of_the_bureau; ALDE (2009-07-20--2014-06-30)3 substitute; CONT (2009-07-16--2010-11-21)3 unknown; Folkpartiet liberalerna (2009-07-14--2014-06-30)3
lpv:translated text	"Mr President, in the wake of the financial crisis, justified demands are being made for greater transparency and better regulation of the financial market. I have no problem with this, but, as always when new regulations are to be introduced, it must be done in a balanced way. The capacity of the European economy for growth will not be increased by ill-thought-out proposals, even if they have legitimate purposes. I would therefore like to thank the rapporteur, my colleague, Dr Klinz, for his excellent work, which takes a stand against these excessively detailed rules and regulations. His proposal increases legal certainty and removes unjustifiably stringent requirements in order to reduce companies’ administrative burdens by 25% by 2012. My group and I are, of course, happy with the compromise that has been negotiated by Dr Klinz and others. The proposal reduces the administrative burden on small and medium-sized enterprises, but – and I think it is important to say this – it does this without reducing investor protection. This is also something that Mr Barnier mentioned. The discussion has, of course, centred on the thresholds that are to be applied on publication of prospectuses, in connection with rights issues, for example. I think they are well-balanced and will enable the internal market to function better. The proposal will, of course, mean that small and medium-sized enterprises will not need to produce a prospectus and it will therefore be easier for them to attract capital. The threshold is being raised from EUR 2.5 million to EUR 5 million. This is a well-balanced proposal. It will also make it easier for regional banks to take out bonds, as the thresholds are being raised from EUR 50 million to EUR 75 million for non-equity securities, such as interest-bearing debt and structured products. Overall, like my fellow Member from the Group of the Progressive Alliance of Socialists and Democrats in the European Parliament, I would like to thank Dr Klinz for a truly excellent piece of work. This report is an important step towards improving conditions for millions of small businesses in Europe."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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