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Stakeholders differed widely in their assessment of whether different sectoral rules on product transparency and distribution gave rise to investor protection concerns. Responses from all consumers, many public authorities and some industry sectors revealed concern that these differences may give rise to risks to investors.
However, many industry participants argued that the protections built in to existing EU rules - in combination with national rules and self-regulatory initiatives - provide a robust framework for investor protection and are well-tailored to different product types.
A public hearing will be held on
A Commission Communication is expected in autumn 2008.