Sign up for our newsletter

Date
 
Description
 
Author
06/10/2017
 

Open Letter: "MiFID II rules for 'Systematic Internalisers' will hurt European investors"


In principle, European individual Investors welcome the introduction of the new Markets in Financial Instruments Directive (MiFID II). However, given BETTER FINANCE’s priority to ensure the protection of individual European savers and investors, we are concerned about the shrinking share of regulated securities markets in the EU, now down to around 50 % of transactions, compared to 67 % in the US and 88% in East Asia. Recent research reveals that the majority of OTC trades (58%) are retail-sized trades and that a significant part of the trades of European individual investors are now executed on these “dark” venues. Capital markets must remain fully open and transparent to individual investors.

Categories: open_letters
Get document »
 
BETTER FINANCE
BETTER FINANCE
 
 
 
 
 
25/05/2017
 

Banco Popular - AEMEC announcement


IMPORTANT ANNOUNCEMENT FOR ALL SHAREHOLDERS OF BANCO POPULAR: protect your investment in Banco Popular...

Categories: open_letters
Get document »
 
AEMEC
AEMEC
 
 
 
 
 
09/05/2017
 

Open Letter to the European Commission on Closet Indexing


A PRIIPs Regulation that contradicts or fails to take into account disclosure requirements in other Directives and Regulations will simply add confusion for all stakeholders involved and significantly undermines investor protection. To bring these important issues to the attention the authorities, Better Finance wrote a letter to the European Commission’s Directorate General for financial stability, financial services and capital markets union (DG FISMA).

Categories: open_letters
Get document »
 
Better Finance
Better Finance
 
 
 
 
 
12/01/2017
 

Support for the Pan-Slovenian Shareholders’ Association (VZMD) to oppose Slovenian Government legislative proposals against the interests of small Slovenian shareholders


It has been brought to our attention by the Pan-Slovenian Shareholders’ Association (VZMD), which is one of our most engaged and dedicated members, that the Republic of Slovenia intends to enact severe restrictions in the upcoming months through the amendments of the markets in Financial Instruments Act (ZTFI-G) that will seriously jeopardize the ability of the Pan-Slovenian Shareholders’ Association to further act as an advocate and custodian of legitimate interests of minority shareholders and individual investors. The service currently offered by VZMD is the only way for small shareholders not to see their small shareholdings wiped out by intermediaries’ fees in a few years’ time.

Categories: open_letters
Get document »
 
Better Finance
Better Finance
 
 
 
 
 
14/10/2016
 

Joint EFAMA - Better Finance letter on the implementing rules for the PRIIPs KID


Better Finance and EFAMA have always been strong supporters of the “PRIIPs” Key Information Document (“KID”), seeing it as a powerful instrument for retail investors to enable sound investment choices by allowing easier comparisons within a wide range of investment products. In order for this to happen, the rules defining the detailed contents of the PRIIPs KID must be correctly calibrated so that investors are given meaningful, comprehensible and comparable information. CFA Institute joined forces with both organisations to denounce the lack of disclosure to EU citizens as individual investors of the past performance of investment products in the required key information documents for Packaged retail and insurance-based investment products (PRIIPs KID).

Categories: open_letters
Get document »
 
Better Finance
Better Finance
 
 
 
 
 
28/04/2016
 

Open letter in response to the EC letter on Romanian financial legislation


A letter by the European Commission to the Romanian Minister of Public Finance, Ms Anca Dragu, was very critical of the adoption of the "datio in solutum" law aimed at helping consumers with financial difficulties to deal with their mortgages. Since the publication of the letter, as well as the letter in reply (by Better Finance and BEUC amongst others) several positive amendments have been adopted by the Romanian Parliament, in particular the 'datio in solutum' law, which is a good way forward to help out a great number of distressed debtors. The letter aims to draw the EC's attention to the fact that the EP adopted a resolution calling on the EC to share best practices regarding the applicaiton of datio in solutum in EU Member States.

Categories: open_letters
Get document »
 

 
 
 
 
 

Spotlight

The latest edition of our report on Pension Savings is now available for download!

 

 

 

Events