Date: 22nd October 2009
Author: Guillaume Prache, EuroFinuse

We strongly support the new “horizontal” approach of the EC, which is the right way to look at the distribution of retail investment products, as most of them are “substitute” to each other, and most of them are or can be sold by the same intermediaries. We nevertheless regret that the retail investor’s perspective is not enough taken into account. Please read our full position paper here.