State of play: legislative phase and preparation of review of the Action Plan
Level 1
Commission
- 30 September 2015, the Commission published its Action Plan on “Building a CMU”.
- 20 January 2017, the Commission launched a public consultation on the CMU mid-term review.
- 8 June 2017, the Commission published the mid-term review report on the CMU.
- The Commission published a number of proposals in the framework of this action plan, most have been adopted by the co-legislators.
- 18 November 2019, the Commission announced the composition of the High Level Forum (HLF) on the Capital Markets Union (CMU). The HLF will start working on 26 November 2019.
- 20 February 2020, the Commission published the interim report produced by the High-Level Forum on the Capital Markets Union.
- 10 June 2020, the Commission published the final report of the High-Level Forum on the Capital Markets Union.
- 7 July 2020, the Commission launched an inception impact assessment on the CMU Action Plan.
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20 January 2021, the Commission published a targeted consultation on the establishment of a European single access point (ESAP) for financial and non-financial information publicly disclosed by companies.
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12 March 2021, the European Commission launched a targeted consultation on supervisory convergence and the single rulebook
Council
- 5 December 2019, the Council adopted conclusions on the deepening of the CMU.
Parliament
- 17 June 2020, the ECON Committee presented its draft Own Initiative report on CMU.
- 16 July 2020, the ECON Committee tabled amendments to its INI report on CMU.
- 10 September 2020, the ECON Committee adopted its INI report on CMU.
Level 2
- 2 March 2021, ESMA has submitted its response and an accompanying letter to the European Commission’s targeted consultation on the European Single Access Point (ESAP).
Next steps
- The Commission to start implementing the CMU action plan.
