In its response to the idea of a recommendation on the SIA subject put forward by the EU Commission, EUSIPA marks up the economic potential of establishing SIAs in an investor-friendly way. This would relate in particular to the need for allowing a large universe of financial products to be accessed under the SIA “umbrella”, something that already is being done in some EU member states with great success. Our answers also look at a potential correlation of the SIA with the “Finance Europe” label as is currently being promoted by some EU members states, showing ways how both initiatives could be kept compatible with each other.
The full EUSIPA statement can be found under below link.