Service unbundling and accounting separation are important levers to further strengthen the transparency and efficiency of European capital markets. Service unbundling gives customers flexibility when choosing which services to purchase; accounting separation provides relevant information on the services provided. These measures are designed:
- To make transparent the relation between revenues and costs of different services in order to facilitate competition,
- To make transparent potential cross-subsidies between the different services as described in paragraph 40, and
- To provide users with choice regarding the services available to purchase.