The European Fund and Asset Management Association (EFAMA) has published an open letter urging members of the European Parliament to reject the final Retail Investment Strategy (RIS) text at the November 12 plenary session, arguing that the largely opaque framework falls short of its objectives, adds regulatory complexity and fragments the Single Market, while creating legal uncertainty for firms and further weakening the EU’s global competitiveness.
European Fund and Asset Management Association urges Parliament to reject Retail Investment Strategy in November 12 vote
In an open letter, the European Fund and Asset Management Association calls for lawmakers to vote against the final Retail Investment Strategy text on November 12, citing unmet objectives, unclear provisions and greater regulatory complexity, alongside Single Market fragmentation, legal uncertainty for firms and damage to EU competitiveness.