THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 114 thereof,
Having regard to the proposal from the European Commission,
After transmission of the draft legislative act to the national parliaments,
Having regard to the opinion of the European Economic and Social Committee [OJ C , , p. .],
Acting in accordance with the ordinary legislative procedure,
Whereas:
(1) By developing Union capital markets and decreasing their fragmentation along national borders, the Capital Markets Union [Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions, Action Plan on Building a Capital Markets Union (COM(2015) 468 final).] project aims to enable companies to access funding sources other than bank lending and to adapt their financing structure when maturing and growing in size. More diversified fi
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