FIA EPTA has joined with a coalition of trade association in a letter to European Commissioner Maria Luís Albuquerque (Financial Services and the Savings and Investments Union) regarding priorities for the SIU. The letter recommends that the EU should concentrate on generating stronger demand through concrete measures aimed at attracting investors.
The objective should be to build a framework that fosters competition without imposing prescriptive and burdensome rules that hinder innovation. Proposals inspired by other jurisdictions, such as mandating connection to trading venues by intermediaries or other trading venues, or implementing a best execution regime focused exclusively on execution price, would not be effective in the European context. The letter is signed by the associations AFME, EFAMA, FESE and FIA EPTA.
Read it in full here.
