From Surf Wiki (app.surf) — the open knowledge base
Financial Services Action Plan
The Financial Services Action Plan (FSAP) is a key component of the European Union's attempt to create a single market for financial services. Created in 1999 and lasting for six years, it contained 42 articles related to harmonising the financial services markets within the European Union. It was scheduled to be completed by the end of 2004.
Description
The European Council held in Cardiff in June 1998 requested the European Commission "to table a framework for action....to improve the single market in financial services, in particular examining the effectiveness of implementation of current legislation and identifying weaknesses which may require amending legislation".
The European Commission responded with five imperatives for action, that were agreed upon at the Vienna European Council in December 1998. On 11 May 1999, the Commission issued the Financial Services Action Plan.
The Markets in Financial Instruments Directive (MIFID) is the cornerstone of the action plan's achievement.
References
References
This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.
Ask Mako anything about Financial Services Action Plan — get instant answers, deeper analysis, and related topics.
Research with MakoFree with your Surf account
Create a free account to save articles, ask Mako questions, and organize your research.
Sign up freeThis content may have been generated or modified by AI. CloudSurf Software LLC is not responsible for the accuracy, completeness, or reliability of AI-generated content. Always verify important information from primary sources.
Report