Evidence and recommendations on how to improve the legislative process
We offer a lot evidence of rules inconsistent with other provisions or rules running counter to overarching principles. Among others the increased level of bureaucracy is contradictory to the idea of facilitating the capital market finance and therefore against the Capital Market Union. To avoid such inconsistent regulation, the EU regulators should conduct a meaningful and convincing impact assessment in advance of every new rule. To solve the problem of inconsistent level 1- and level 2-textes, the crucial points have to be decided on level 1. In addition, to faciliate the application of EU law, the legislators have to develop consolidated versions of level 1-textes, including the level 2-rules.