EBF advisor: Pauline Guerin
Publication date: 14 September 2020
BRUSSELS, 14 September 2020 – 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:
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