... concern is that an adverse effect of globalized capital markets is that the actual shareholders are not registered in the official registries and registrations are effected in the name of intermediaries acting on their behalf. It further considers that new EU legislative action should be taken to address...

... and non‐legislative barriers. The EU legislative framework must be designed in such a way as to be able to catch up with competitive and technological developments. Strong and modernised EU financial legislation should be beneficial not only for the securities markets but more importantly for the EU...