Press Release

8 June 2017

Accountancy Europe presents concrete steps to improve SMEs’ access to capital markets under CMU Brussels, 8 June 2017

“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.

Related content

PublicationModel simplified SME Prospectus

9 June 2017

PublicationSupply chain sustainability assessment

28 January 2022

EventBecause Green Recovery Counts

27 January 2022

Consultation responseIAASB’s Exposure Draft on a New Standard for Audits of Less Complex Entities

26 January 2022

UpdateSME Update

21 January 2022

PublicationOur SME work: 2020 and 2021

21 December 2021

EventTrain the Advisor: Become an IP Expert for SMEs

16 December 2021

UpdateSME Update

10 December 2021

In the mediaSustainability reporting: why should SMEs care?

3 December 2021

EventA Global Solution for Auditing Less Complex Entities

19 November 2021

Consultation responseEU Taxonomy and Article 8 Delegated Act implementation need clarity

17 November 2021

NewsTime to deliver on high quality sustainability reporting

12 November 2021

UpdateSME Update

5 November 2021

EventEarly Warning Europe Day

28 September 2021

UpdateSME Update

16 September 2021

Consultation responseEFRAG’s consultation paper – due process procedures for EU sustainability reporting standard-setting

14 September 2021

PublicationSMEs’ digital future

13 September 2021

Consultation responseEC’s consultation on fighting the use of shell entities and arrangements for tax purposes

31 August 2021

NewsCall for dialogue: assessment of SMEs’ post-COVID financial health

19 July 2021

NewsNew Roadmap enhances EU Sustainable Finance Strategy

7 July 2021

Consultation responseEC’s Corporate Sustainability Reporting Directive proposal – feedback statement

1 July 2021

Sign up for our newsletter

* indicates required
Would you like to subscribe to our newsletter?
On which topics would you like to receive news?