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FESE fully supports the work of the European institutions aimed at making the EU fit for the digital age and developing a harmonised regulatory framework. Exchanges play an important role in supporting the stability of the financial system.
We support a legally binding approach, based on existing EU financial market practices, as this would provide legal certainty to reduce regulatory arbitrage, inconsistencies, market fragmentation, and ensure scalability of services within the EU. We further believe that technology neutrality and “same business, same risks, same rules” principles should apply within the EU to uphold the values of transparency, fairness, stability, investor protection, and market integrity.
In our view, technological innovation provides many benefits and is of utmost importance for the development of the EU´s financial sector, its future competitiveness and its ability to offer better services to consumers.