argomento: News del mese - Diritto Internazionale e Comunitario

Articoli Correlati: ESMA - retail investor protection - MiFID

On April 29^th, 2022, the EU Commission was instructed by the European Securities and Markets Authority (ESMA), the EU securities markets regulator, on the subject of retail investor protection and specifically for what concerns the precontractual information for the client which can help him take informed decisions and safer investments. In particular, the issued recommendations also concern requiring machine readability of disclosure documents to facilitate the development of searchable databases for the public, addressing information overload, development of a standard EU format of information on costs and charges, possibility for NCAs and ESMA to impose on firms the use of risk warnings for specific financial instruments, addressing aggressive marketing communications and addressing issues related to misleading marketing campaigns. Verena Ross, ESMA Chair, affirmed that: “Increased retail participation in financial markets provides opportunities both for savers and for companies seeking financing, and we are encouraged to see that digital trends and new business models are contributing to making investing more accessible to the general public’.