EU states agree positioning on Retail Investment Strategy
Trade body EFAMA welcomes move but adds ‘much still needs to be discussed and clarified’
retail investment package
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European Parliament formalises position on Retail Investment Strategy
There were 352 votes in favour, with 250 against and 21 abstentions
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EFAMA critiques EC proposals on retail investment
Industry body EFAMA has responded to the European Commission’s (EC) Retail Investment Package first proposed in May this year. The European Fund and Asset Management Association lists what it calls a number of “positive elements”, along with ones that the association says need to be reconsidered. The changes were proposed earlier this year and were…