Press Release: Securities : Commission proposes simplification of legislative framework

The European Commission has presented a proposal to replace eight existing Directives concerning stock exchanges into just one Directive. Once it has been adopted by the European Parliament and the Council, this codified version will formally replace the four basic Directives and four amending Directives on the admission of securities to official stock exchange listing and on information to be published on these securities, but without changing their substance. The proposal is part of the Commission's efforts to simplify and make Community law more transparent, particularly in the financial sector.