The European Commission (EC) has launched a call for evidence on fostering integration, scale and efficient supervision in the single market as part of its savings and investments union (SIU) strategy. The SIU is a key initiative to improve the way the EU financial system channels savings to productive investments. It seeks to offer EU citizens broader access to capital markets and better financing options for companies, to foster citizens' wealth, while boosting EU economic growth and competitiveness. The EC intends to adopt a Directive and a Regulation which seek to: (i) foster more integrated, deeper and efficient EU capital markets by removing regulatory, supervisory and operational barriers hindering key market players and infrastructures; (ii) modernise and simplify EU rules in the area; and (iii) reduce administrative burden. In the call for evidence, the EC seeks to gather the views and experience of the stakeholders to:
- Identify the barriers that prevent the EU's trading and post-trading infrastructures from benefitting from a truly frictionless single market.
- Assess whether the existing regulatory and supervisory framework is suitable for capital markets, particularly for market operators with strong cross-border activities or operating in new or emerging sectors.
- Evaluate the European Supervisory Authorities toolbox to identify areas where their effectiveness and efficiency can be enhanced and improved.
The deadline for comments is 5 June. The EC intends to adopt the legislative proposals in Q4 2025.
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