BETTER FINANCE welcomes the proposed amendments from the EP rapporteurs and shadow rapporteurs as a step in the right direction towards a simple and safe PEPP that could regain the trust of EU citizens. Several key amendment proposals by BETTER FINANCE have been taken on board by the EP rapporteurs and shadows for the Committee
BETTER FINANCE welcomes the proposed amendments from the EP rapporteurs and shadow rapporteurs as a step in the right direction towards a simple and safe PEPP that could regain the trust of EU citizens. Several key amendment proposals by BETTER FINANCE have been taken on board by the EP rapporteurs and shadows for the Committee
BETTER FINANCE welcomes this opportunity to comment on the EC proposal for a Regulation on facilitating cross-border distribution of collective investment funds. As the representative of individual investors, BETTER FINANCE is pleased to see that the Commission stresses the obligation to provide for fair, clear and not misleading information in marketing materials for UCITS.
BETTER FINANCE welcomes this opportunity to comment on the Commission’s proposal amending the AIFM and UCITS directives with regard to cross-border distribution of investment funds.
BETTER FINANCE already raised the issue that only a limited number of larger SMEs are likely to benefit from a Capital Markets Union. As such, introducing an EU framework enabling crowdfunding platforms to provide their services across the Internal Market should be beneficial for both investors and SMEs. However, BETTER FINANCE remains skeptical regarding the
BETTER FINANCE agrees that in order to avoid legal uncertainty and the multiplication of legal requirements for crowdfunding platforms, MiFID II should not apply to crowdfunding providers who have been authorized as crowdfunding providers under the ECSP.
An EU-wide collective redress mechanism for all financial services users such as savers, retail investors, life insurance policy holders, pension fund participants, small and individual shareholders or employee shareholders is more than needed. The right to redress and the right to access to justice is especially important in the area of financial services as financial
BETTER FINANCE congratulates the Expert Group on Technical Aspects of Corporate Governance Processes for their work. The Implementing Regulation (IR) takes important steps towards facilitating cross-border voting and ensures a harmonised application of its requirements which reduces the risk of fragmentation across Member States. Even though it was not within the remit of the IR
BETTER FINANCE thanks the EC for releasing this long awaited but very necessary study on the main source of funding of the EU economy, which for this reason has also been identified as a top priority of the “Capital Markets Union” Initiative of the EU. The study draws a grim picture detailing the obstacles retail
Over the last few years, the European Union (EU) has been trying to facilitate the exercise of shareholders’ rights by updating the Shareholder Rights Directive (SRD II). The revised Directive itself unfortunately only provided limited improvements to shareholders rights as important barriers to cross-border shareholder engagement within the EU remain in place.