ESMA has published a call for evidence on various retail investor protection topics under MiFID II, the results of which will feed into ESMA’s technical advice to assist the Commission in the development of its retail investments strategy. ESMA is asking for information from stakeholders on:
- Disclosures: ESMA is keen to understand how the rules work from a retail investor perspective – whether consumers can make informed choices, avoid information overload and overly complex information whilst ensuring investor protection;
- Digital disclosures: an assessment of how regulatory disclosures and communications can work best for consumers in the digital age, and proposals as to how existing rules might be adapted; and
- Digital tools and channels: an assessment of the risks and opportunities presented by digital tools including online trading platforms and robo advisors. The call for evidence also explores open finance.
Feedback is requested by 2 January 2022.