Response to ESMA call for evidence on retail investor protection


FESE welcomes the opportunity to respond to ESMA’s Call for Evidence on the European Commission mandate on certain aspects relating to retail investor protection.

We fully support the goal of the Capital Markets Union (CMU) to strengthen retail investors’ protection and participation in capital markets. For this, FESE Members provide further evidence on some key areas, including:

  • Payment for order flow (PFOF);
  • Disclosure requirements; and
  • Open finance.