The EU published a package containing targeted amendments to the Prospectus Regulation, MiFID II and securitisation rules, aiming to help financial markets support Europe’s recovery from the coronavirus crisis. The package includes:
• A new “EU Recovery Prospectus” – a type of short-form prospectus – to facilitate the raising of capital in public markets;
• Improvements to MiFID II to encourage investment in the real economy;
• Improvements to the securitisation rules to support SME lending and the management of non-performing loans. The package proposes targeted changes to capital market rules, intending to encourage greater investments in the economy, allow for the rapid re-capitalisation of companies and increase banks’ capacity to finance the recovery. See it here.