This document represents the stylised version of BETTER FINANCE’s response to the EIOPA Public Consultation on implementing measures (level 2) for the pan-European Personal Pension (PEPP) Regulation. The actual response template can be found here. Executive Summary General approach and review BETTER FINANCE welcomes the holistic approach adopted by EIOPA and agrees with the working

BETTER FINANCE published its Position Paper on the implementing measures (level 2) for the Pan-European Personal Pension (PEPP) product. These measures will be based on the Regulatory Technical Standards (RTS) submitted by the European Insurance and Occupational Pensions Authority (EIOPA) to the European Commission following a period of public consultations. EXECUTIVE SUMMARY PEPP Key Information

BETTER FINANCE’s response to the European Supervisory Authorities’ (ESAs) Joint Committee (JC) public consultation paper concerning amendments to the PRIIPs KID (JC 2019 63, 16 October 2019) Link to consultation: https://www.esma.europa.eu/press-news/consultations/joint-consultation-concerning-amendments-priips-kid Link to paper: https://www.esma.europa.eu/sites/default/files/library/jc-2019-63_consultation_paper_amendments_priips_kid.pdf EXECUTIVE SUMMARY General approach and review As mandated by EU Law, the review process should have started with the Level

The EU Benchmark Regulation has been in application since 1 January 2018. The review covers the following topics: the functioning and effectiveness of the rules applicable to critical benchmarks, the mandatory administration and mandatory contribution rules and the definition of a critical benchmark; the effectiveness of the authorisation, registration and supervision regime applicable to benchmark

The Banking Union initiative has reduced the number and magnitude of bank failures and the recourse to taxpayers’ money. However, up to now, it has been focused on prudential objectives, not on citizens as banking users’ protection. This has too often generated significant detriment to consumers of banking services.

BETTER FINANCE welcomes the recent efforts of ESMA to clarify and harmonise across the EU the provisions and supervisory practices on the management and transparency of information concerning UCITS and AIF funds, and in particular the current proposal to codify uniform rules applicable to performance fees. As a representative of retail investors (among others), BETTER FINANCE

BETTER FINANCE has long advocated for an EU-wide collective redress mechanism for all financial services users, including small and individual shareholders or employee shareholders, and provided support to consumer organisations in collective redress schemes in the field of financial services (such as Fortis, Volkswagen AG). BETTER FINANCE welcomes the European Commission’s (EC) proposal for a

On 18 June 2019, the Technical Expert Group (TEG) published its report on Climate Benchmarks and Benchmarks’ ESG Disclosures. The report recommends a list of minimum standards for the methodologies of EU Climate Transition and Paris-aligned benchmarks addressing the risk of greenwashing, and disclosure requirements to improve transparency and comparability of information across benchmarks not only regarding climate-related

The European Securities and Markets Authority (ESMA) has published a questionnaire which aims to gather evidence on potential short-term pressures on corporations stemming from the financial sector. On December 2019, the findings will be presented to the European Commission that will consider to follow up on them, which might include political actions. Find BETTER FINANCE’s response to