Jointly with all other major EU associations representing the interests of the professional market stakeholders, EUSIPA signed a statement requesting to review the current works put forward by the co-legislators on the Retail Investment Strategy (RIS) under the angle of competitiveness. Concerns arise in particular from numerous regulatory mechanisms introduced or reinforced under the proposed rules that in essence do little to improve the investment conditions for retail customers while adding massively more administration, documentation and disclosure burdens to both industry and regulators.
Please take a look at the joint paper under below link.