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08 June 2017

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

Accountancy Europe CEO Olivier Boutellis-Taft said the "capital markets union mid-term review stays on course to make it easier for small and medium-sized enterprises to raise funding on capital markets.”

Accountancy Europe contributes to operationalising this objective and strives for simplification: Accountancy Europe will shortly issue a model prospectus that puts into practice its proposal (2016) on how to simplify prospectuses for SMEs by applying it to a ‘real life’ SME from Sweden. Accountancy Europe´s model reduces the company’s original prospectus volume by more than 70%. Accountancy Europe´s 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. Accountancy Europe also advocates that SMEs should be enabled to raise financing from investors across borders by making financial statements comparable.”

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. Accountancy Europe also contributes 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.

Full press release

© Accountancy Europe

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