The Council has released its conclusions on the Commission’s action plan for building a capital markets union (CMU) (see FReD 2 October). It stresses the importance of preserving momentum and calls for swift adoption of the European framework for simple, transparent and standardised securitisation (the Securitisation Regulation) and on further initiatives designed to make funding easier such as the review of the Prospectus Directive, venture capital, crowdfunding, private placements, mini bonds, SME growth markets and SME credit information.  It wants the Commission to continue initiatives to protect retail investors. It invites the Commission to assess the impact of third-country regimes on the structure of EU capital markets, the competitiveness of the EU financial industry, and access to third-country markets. The Council invites the Commission to report, at least every six months, with an evidence-based assessment of the progress made in the development of the CMU. (Source: Council Releases CMU Conclusions)