In its response to ESMA on this call for evidence, EUSIPA marked up again, among other thoughts, a very fundamental point of view as for any review of the current regulatory practice in retail financial markets having to entail a holistic probing of all applicable legal mechanisms, including their potential correlations. In the case of investor protection under MIFID this relates to the target market indication rules, customer categories as well as appropriateness and suitability test requirements.
The full response statement can be taken from the document under below link.
