ESMA and NCAs conducted an analysis of cross-border investment services in 2022. While such services offer advantages like competition and expanded choices, they necessitate increased supervision and cooperation among NCAs.
Key Points:
– Data from 29 jurisdictions reveals insights into retail investor services.
– 380 firms provided cross-border services, with 59% being investment firms and 41% credit institutions.
– About 7.6 million EU/EEA clients received cross-border investment services.
– Most cross-border clients were served by firms from Cyprus, Germany, and Sweden.
– Complaints mainly concerned contract terms/fees and administrative/customer services.
Other Features
AIF
AIFM
banks
cooperation
credit
fees
fund management
investment firms
investor protection
investors
reporting
retail investors
securities
shareholders
surveys
UCI
UCITS
Date Published: 2023-07-19
Regulatory Framework: Alternative Investment Fund Managers Directive (AIFMD), Undertakings for Collective Investment in Transferable Securities Directive (UCITS Directive), Markets in Financial Instruments Directive II (MiFID II)
Regulatory Type: information
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