COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE AND THE COMMITTEE OF THE REGIONS
A Capital Markets Union for people and businesses-new action plan
Consumers should have more choice as regards their savings and investments and should be well informed, including on sustainability aspects, and appropriately protected wherever they are. The choice of financial products and services should not depend on traditions or market power but be the result of a competitive choice. There should be no explicit or implicit barriers to cross-border investment. Obstacles due to national differences in laws and law enforcement, taxation and supervision should be reduced and not impede the free flow of capital. Investment decisions should be governed by a single rulebook – the same set of rules applicable directly and in the same manner to all market operators, irrespective of where they are located.
goto: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2020:590:FIN