EBF:
14 September 2020
EBF fully supports the EU Commission proposal to amend MiFID II delegated Directive (EU) 2017/593 aiming at easing the funding of investment research, in particular on small and mid-cap issuers and on fixed income instruments.
The
European Banking Federation has responded to the European Commission
consultation on Research amending delegated directive (EU) 2017/593.
KEY MESSAGES
- EBF fully supports the EU Commission proposal to amend MiFID II
delegated Directive (EU) 2017/593 aiming at easing the funding of
investment research, in particular on small and mid-cap issuers and on
fixed income instruments.
- However, the scope of application of the EC proposal is too limited.
It would be appropriate to provide for the extension of the proposal to
all companies irrespective of their market capitalisation value. In
this direction, EBF urges the EU Commission to put forward a wider
proposal to review the investment research regime under MiFID and to
introduce any initiative aimed at preventing investment research
coverage, in particular on SMEs, decline, taking stock of the results of
the public consultation on MiFID II/MiFIR closed in May 2020.
Find the EBF response to this consultation by clicking the ‘full document’ link below:
Recovery package: EBF response to EC consultation
EBF
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