BETTER FINANCE response to the European Commission’s Public Consultation on the EU Strategy for Retail Investors

03 August 2021

In BETTER FINANCE’s view, the current retail investor protection framework falls short of achieving its purpose

BETTER FINANCE welcomes this consultation from the EC on a much-awaited and needed strategy for retail investors, and fully supports its clearly stated objectives, as defined in the EC CMU Action Plan and in the web consultation itself:

  1. adequate protection,
  2. bias-free advice and fair treatment,
  3. open markets with a variety of competitive and cost-efficient financial services and products, and
  4. transparent, comparable and understandable product information.

The consultation webpage also rightly adds:

In BETTER FINANCE’s view, the current retail investor protection framework falls short of achieving its purpose for the following reasons:

 

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