The ACCA is backing the simplification of regulatory procedures for SMEs in the EU, supporting the proposed 28th Regime – The European Innovation Act. ACCA emphasizes reducing regulations to aid business growth and cross-border commerce, advocating for EU support in SME sector development to address the skills gap and drive green and digital transformations. ACCA urges the EC to instill confidence and coordination to meet business needs within the 28th Regime framework. ACCA also recommends cross-border recognition of qualifications to reduce the skills shortage highlighted in their global Talent Trends Survey. ACCA collaborated with UK Skills Minister Jacqui Smith and Skills England to enhance workforce capabilities in the UK.

Read more at Yahoo Finance: ACCA supports EU move to minimise regulatory impact on SMEs