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The Capital Market Working Party (CMA) addresses policy issues arising from capital markets legislation, in particular enforcement issues in the areas of financial reporting and prospectuses. In addition to producing its own publications and studies, the Group is active in the European debate, representing the European accountancy profession in the dialogue with regulators. The Group contributes to the legislation, guidance and other measures related to the Prospectus Directive and its Regulation applicable as from 1 July 2005, and the development of the relevant auditing and assurance standards.
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