![Retail investor package [EU Legislation in Progress]](https://i0.wp.com/epthinktank.eu/wp-content/uploads/2023/06/EPRS-Briefing-749795-Retail-investor-package-FINAL.png?fit=1000%2C667&ssl=1)
Written by Issam Hallak (2nd edition, updated on 16.10.2023).
On 24 May 2023, the European Commission put forward a package of two proposals to amend existing directives and a regulation with a view to fostering retail investor information transparency and ensuring that investment decisions are best for investors. The objective is to enhance trust and confidence, thereby increasing retail investor participation in financing the economy. The package is mostly concerned with clarity in communication and the prevention of misleading marketing. It also seeks to mitigate potential conflicts of interest for advisers and increase retail investments’ value for money.
In the European Parliament, the file has been referred to the Committee on Economic and Monetary Affairs (ECON). The rapporteur published her draft report on 2 October, to be discussed and amended in committee. The Council has also started its discussions.
Versions
- October 2023: Retail investor package (2nd edition)
| Proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) No 1286/2014 as regards the modernisation of the key information document and proposal for a directive of the European Parliament and of the Council amending Directives (EU) 2009/65/EC, 2009/138/EC, 2011/61/EU, 2014/65/EU and (EU) 2016/97 as regards the Union retail investor protection rules |
| Committee responsible: | Economic and Monetary Affairs (ECON) | COM(2023) 278 COM(2023) 279 24.5.2023 |
| Rapporteur: | Stéphanie Yon-Courtin (Renew, France) | 2023/0166(COD) 2023/0167(COD) |
| Shadow rapporteurs: | Ralf Seekatz (EPP, Germany) Eero Heinäluoma (S&D, Finland) Claude Gruffat (Greens/EFA, France) Denis Nesci (ECR, Italy) Marco Zanni (ID, Italy) | Ordinary legislative procedure (COD) (Parliament and Council on equal footing – formerly ‘co-decision’) |
| Next steps expected: Vote in committee on draft report |
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