Public Letter to the European Parliament's ECON Committee: Harm Done to EU citizens as “Retail” Investors Through MiFID II “Quick Fixes”

We welcome the EC’s initiative to alleviate some regulatory requirements enabling EU capital markets’ potential to boost recovery from the COVID-19 induced economic downturn. However, we wish to warn about the long-term detrimental effects that several provisions and amendments will have on “retail” investor protection if done in “haste” and without proper scrutiny and attention to details.

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