EFAMA: Calls for changes to investor protection rules in the MIFID II MIFIR Review
- EFAMA the voice of the European investment management industry represents 28 member associations and 59 corporate members
- Submitted its response to the European Commission’s consultations where it outlined its recommendations on investor protection
- Reiterate support for the overarching objectives of the MiFID II and MiFIR framework which for the most part working intended
- Proposes revisions to the Level 1 texts only with regards to the issues raised around ‘semi-professional’ investors
- Indicates that these revisions made by way of a more flexible interpretation of the Level 1 framework via targeted amendments
- In its response EFAMA strongly suggests making thematic Q&A updates every year with enough time for the industry to implement these changes
