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Finance

Targeted consultation on options to enhance the suitability and appropriateness assessments

About this consultation

Consultation period

21 February 2022 - 21 March 2022 (midnight Brussels time)

Topics

Financial services, retail financial services

Departments

Target group

Views are welcome from all stakeholders, in particular from persons/entities representing

  • organisations representing consumer/retail investor interests
  • credit institutions
  • investment firms
  • insurance companies
  • financial intermediaries (investment/insurance brokers, online brokers, etc.)
  • new technology providers
  • national and supranational authorities (e.g. national governments and EU public authorities, mandated authorities and bodies in charge of legislation in the field of retail investments)
  • academics and policy think-tanks

Objective of the consultation

The Commission is preparing a retail investment strategy, which aims to take a holistic view of investor’s protection rules. One of the key objectives is to make the EU an even safer place for individuals to save and invest long-term and to increase participation of retail investors in capital markets.

In the answers received to the 2021 public consultation on the Commission’s retail investment strategy for Europe, many stakeholders, on the industry and consumer’s side, called to simplify, improve, automate and standardize the way investors’ profiles are currently assessed. Some have also expressed support for more focus on the overall investor portfolio composition rather than on individual products. Taking stock of these results, the Commission’s Services are currently exploring different ways to improve the suitability and appropriateness regimes to address the above-mentioned issues. By means of this targeted consultation, the Commission Services intend to complement the 2021 public consultation exploring the feasibility of a new retail investor-centric assessment.

How to submit your response

Please note that in order to ensure a fair and transparent consultation process responses should be submitted through the online questionnaire.

Reference documents

21 FEBRUARY 2022
Consultation document: Options to enhance the suitability and appropriateness assessments
English
(361.58 KB - PDF)
Download
21 FEBRUARY 2022
Specific privacy statement: Options to enhance the suitability and appropriateness assessments
English
(293.9 KB - PDF)
Download

Contact

fisma-suitability-assessmentsatec [dot] europa [dot] eu (Contact email address: fisma-suitability-assessments[at]ec[dot]europa[dot]eu)