Xavier Rolet, CEO of London Stock Exchange Group said: "I warmly welcome Commissioner Hill’s action today to help EU high growth, job creating companies access non-bank finance more efficiently The Commission’s proposal to revise the prospectus regime is a much needed, practical step to unlock capital for entrepreneurs in the EU, boosting the creation of a strong investment culture. SMEs are key to future economic growth and high quality job creation across Europe and we support the measures being proposed as part of the Capital Markets Union Action Plan, which will help simplify the process for companies seeking finance."