Financial Services Action Plan

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A communication published by the European Commission in 1999, consisting of 42 proposed measures designed to complete the integration of EU financial markets by 2005. The legislative phase of FSAP was largely completed by 2007, with the approval of such key measures as the Markets in Financial Instruments Directive (MiFID), the Capital Requirements Directive (see basle two), and the expanded Eighth Company Law Directive.

Subjects: Accounting.

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