The European Commission adopted on 24 May 2023 a Retail Investment Package that places the consumers' interests at the center of retail investing.

It consists of an Omnibus amending Directive which plans to modify different in-force regulations: MiFID II, PRiiPs, UCITS Directive, AIFMD, IDD and Solvency II as regards to the EU retail investor protection rules.

Its main objectives include tightening the rules for advisors, encouraging investments in sustainable finance, and enabling retail investors to make decisions based on their needs and preferences.

The proposal will be reviewed and amended by the European Parliament and the Council. Once adopted, it will enter into force on the 20th day following its publication in the EU Official Journal and will apply 18 months after its entry into force.

Our legal team headed by Christelle Aschbacher follows closely the evolution and will share the analysis as soon as the final version is published.