Tag Archives: ECON

ECON publishes draft retail FS plan

The EP has published a draft report on the Action Plan for retail financial services. The report: says the EU retail financial services market is still underdeveloped and fragmented, but recognises that such a market will work only if it delivers real customer value; welcomes the Commission’s action plan working towards a single technology-enabled market; […]

The European parliament’s committee on economic and monetary affairs (econ) calls on commission to present legislation to protect whistle-blowers

In a draft opinion published on the 23 May, ECON  says there is a need to ensure whistle-blowers are able to report not only illegal activities but also wrongdoing and any information in the public interest. The draft opinion says whistle-blowers should be free to report both internally within the workplace, and externally, and should […]

ECON votes for consumer access to BO information

ECON and the Civil Liberties committee in the EP are pressing for further amendments to MLD4 to allow EU citizens to be able to access registers of company beneficial owners without having to show they have a “legitimate interest”. They also called for a public register showing the beneficial owners of trusts.  Other changes discussed included requiring virtual […]

ECON rejects PRIIPS RTS

ECON has unanimously rejected the Commission’s draft KID for PRIIPS. It said much of the proposed content contained flaws, and could lead investors to think an investment would more profitable than was likely. There is a now a significant risk that the PRIIPS Regulation will have to take effect (at the end of the year) […]