The single market programme was designed to remove barriers to the free movement of goods, services, persons and capital within the European Community. By the end of 1992 the programme was virtually complete, with agreement on over five hundred measures, including almost all of the three hundred originally listed in the EC Commission's 1985 White Paper. An important part of the programme relates to financial services. This article looks at the main elements of European legislation in this area of the single market and gives details of the main financial Directives.
The EC single market in financial services