The World Federation of Exchanges (WFE) is pleased to see the European Commission consulting on private equity exits. We are keen for governments and regulators around the world to continue to look at this issue and make it simpler for companies to list so that all investors can benefit from the growth of companies.
Nevertheless, the principal focus of this consultation is on creating an intermittent trading venue, akin to the UK’s Private Intermittent Securities and Capital Exchange System (PISCES). Rather than creating a new regulatory regime, we would encourage the Commission to:
Introduce tax incentives for listing;
Reduce regulatory burdens for issuers; and,
Encourage secondary market liquidity