Accountancy Europe presents concrete steps to improve SMEs’ access to capital markets under CMU

“Today’s capital markets union (CMU) mid-term review stays on course to make it easier for small and medium-sized enterprises (SMEs) to raise funding on capital markets”, says Accountancy Europe CEO Olivier Boutellis-Taft.

“We contribute to operationalising this objective and we strive for simplification: we will shortly issue a model prospectus that puts into practice our proposal (2016) on how to simplify prospectuses for SMEs by applying it to a ‘real life’ SME from Sweden. Our model reduces the company’s original prospectus volume by more than 70%. Our proposal responds to SMEs’ and investors’ needs and is less legalistic This demonstrates that prospectuses for SMEs can be more proportionate, simpler, and to the point. We also advocate that SMEs should be enabled to raise financing from investors across borders by making financial statements comparable.”

For this and more recommendations from Accountancy Europe, see our response to the CMU mid-term review consultation.

Professional accountants are crucial in getting SMEs investment-ready with solid business planning and financial & credit management. They can help SMEs in identifying the funding sources that best suit their profile and needs, and assist with successful applications.

Accountants’ expertise can help entrepreneurs in financial distress and prevent insolvency. We also contribute to improving business insolvency proceedings so that ‘honest’ entrepreneurs are more likely to get a second chance to contribute to a better European business environment.

We offer a myriad of aid for SMEs and the accountants that serve as their trusted business advisors on our website: https://www.accountancyeurope.eu/tag/smesmp/. You can also sign up for our Newsletter or specific CMU and SME Updates.