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.
Guillaume Prache, Managing director of BETTER FINANCE, was asked by EIOPA to contribute to the discussion on the request for the European Supervisory Authorities to report on the cost and past performance of the main categories of retail investment, insurance and pension products. He was the rapporteur of the recently adopted OPSG (EIOPA Occupational Pensions
In order to effectively contribute to the strengthening of the Capital Markets Union, BETTER FINANCE believes that sustainable investment products require binding standards ensuring the trust of EU citizens in sustainable retail investment products and positive returns.
The European Commission’s Expert Group on Corporate Bonds issued its final report on improving European corporate bond markets. “Liquid, transparent and accessible corporate bonds markets in Europe would benefit both real economy entreprises and individual investors as a performing alternative to fee-laden packaged retail bond products such as retail bond funds. BETTER FINANCE regrets that
Retail” financial services are still ranked as the worst consumer markets in the entire European Union according to the European Commission’s Consumer Scoreboard. Therefore, our organization would like to express its support for initiatives such as the draft Delegated Act since it aims to enhance the protection of consumers and retail investors. We also subscribe
Our organization fully defends that this draft Delegated Act would be the cornerstone to establish the main obligations for insurance manufacturers and insurance distributors regarding the product approval process, the target markets, the product testing, the monitoring and review, and the information obligations between manufacturers and distributors. These innovations are fundamental to ensure improvements in