On May 24, 2023, the EU Commission published its retail investment package with adjustments to MiFID, PRIIPs Regulation and investment law, among others. The Future Financing Act enables eShares, SPACs and provides for exceptions to GTC control. The future of euro clearing (EMIR 3.0) is emerging and ESG is entering its second round.
Rimon Falkenfort Partner Prof. Dr. Bernd Geier and Patrick Arora (Deutscher Sparkassen- und Giroverband) bring participants up to date. The program will cover a range of topics, including:
Developments for Germany:
- Introduction of the eShare
- Limitation of AGB control
- New financing structures
Developments for Brussels - Retail Investment Strategy and Sustainability:
- Partial commission bans
- Extended cost disclosure and price determination mechanism
- Value for Money and Benchmarking
- New requirements for investment advice
- Responsibility for marketing via social media and third parties
- Readjustment of the designated prof. customer
- ESG 2.0, including new draft RTS
Trading and clearing developments:
- EU capital markets legislation package, esp. MiFIR review
- Future of Euro Clearing