FESE：2025年对欧盟资本市场的整合问题欧盟委员会咨询的回应报告（英文版）

There is a strong need for proportionality to be a much more important factor when the Commission is developing legislative proposals. When it is identified that regulatory action is required at the European level, there is a real need to ensure the proposals are proportionate to the issue at hand, as there are some instances where European legislation has been much more encompassing than is needed to achieve the initial aim. There are several areas in the EU regulatory framework that would b