The Commission adopted today a retail investment package that places the consumers’ interests at the centre of retail investing. The aim is to empower retail investors (i.e. “consumer” investors) to make investment decisions that are aligned with their needs and preferences, ensuring that they are treated fairly and duly protected. This will enhance retail investors’ trust and confidence to safely invest in their future and take full advantage of the EU’s capital markets union.

One of the Commission’s three key objectives of the 2020 capital markets union action planEN••• was to make the EU an even safer place for citizens to invest in the long term. Today’s package aims to achieve that goal and encourage participation in EU capital markets, which has traditionally been lower than in other jurisdictions, such as the United States – even though Europeans have very high savings rates. Boosting the capital markets union is also an essential means to channel private funding into our economy and to fund the green and digital transitions.

More information

• Press releaseEN•••
• Frequently asked questionsEN•••
• Factsheet: Retail investment package - Empowering retail investors on EU capital marketsEN•••
• Watch the press conferenceEN•••

Legislative proposals and related documents

• Timeline of the initiative and stakeholder's feedbackEN•••
• Proposal for an Omnibus Directive as regards the Union retail investor protection rulesEN•••
• Annexes to the proposal for an Omnibus DirectiveEN•••
• Proposal for a Regulation amending PRIIPS RegulationEN•••
• Impact assessment accompanying the proposalsEN•••
• Summary of the impact assessment accompanying the proposalsEN•••
• ESMA opinion on undue costs of UCITS and AIFs
• EIOPA’s supervisory statement from November 2021 on assessment of value for money of unit-linked insurance products under product oversight and governanceEN•••
• EIOPA’s methodology from October 2022 for assessing value for money in the unit-linked marketEN•••