The text agreed by the co-legislators falls short of its objective of improving savers’ access to investment opportunities and raises multiples concerns.
- More complexity and legal uncertainty for firms
- Higher compliance costs and operational burdens
- Greater fragmentation of European capital markets
- Fewer investment choices for savers
The result? A framework that risks undermining its very objectives: boosting retail investment, financing European businesses and strengthening Europe’s economic competitiveness.
AFG echoes EFAMA’s concerns: Europe cannot afford a regulation that stands in the way of its own ambitions.
