The European Commission proposes to replace the current suitability-appropriateness duality in the MiFID II and insurance distribution Directives, with a new, unique, and standardised suitability regime for all categories of ... Read More
INTRODUCTORY EXPLANATIONS (for non-professional readers) European Union (EU) authorities aim to improve the conditions of saving and investing in capital markets for EU households through several regulatory and supervisory actions ... Read More
Unfortunately, EU action through the listing act aimed at incentivising businesses and companies to go public and for individual, non-professional investors to invest in these companies, did not achieve its ... Read More
BETTER FINANCE and its member organisations representing individual, minority shareholders see the framework for sound functioning and trustworthy listed issuers as comprising three key dimensions: first, sustainable corporate governance (corporate ... Read More
BETTER FINANCE welcomes this call for evidence from ESMA on retail investor protection topics but regrets that it is confined to securities markets (MiFID II) topics only as these financial ... Read More
The EU offers pre-contractual information to non-professional investors before purchasing its investment products. Since 2018, the same Key Information Document (KID) has been used for these Packaged Retail and Insurance-based Products (PRIIPs). The European Commission asked ... Read More
In the 2017 EC Consumer Finance Action Plan, the Commission undertook to monitor the distance selling market of retail financial services in order to identify the potential consumer risks and ... Read More
BETTER FINANCE welcomes the horizontal and vertical dimensions represented in the objectives of the taxonomy. Furthermore, we would like to suggest expanding the horizontal dimension based on the promotion of ... Read More
BETTER FINANCE welcomes the establishment of Pension Tracking Systems (PTS) in each EU Member State as a pivotal step towards achieving pension adequacy. EU citizens, being able to easily monitor ... Read More