FIA and 11 other trade associations have issued a joint statement on the Market Integration and Supervision Package (MISP).
The joint statement highlights the significant opportunity to strengthen the EU’s regulatory and supervisory framework through the Market Integration and Supervision Package, with a clear focus on enhancing global competitiveness.
The trade associations underline that improving how financial services legislation is developed, implemented and supervised is essential to deliver more proportionate, predictable and effective outcomes for market participants. Reducing legal uncertainty, ensuring robust cost–benefit analysis, and avoiding unnecessary complexity are key priorities to support innovation and attract global investment to EU capital markets.
In particular, the statement calls for embedding a competitiveness objective within ESMA’s mandate, ensuring that regulatory decisions fully take into account their impact on market attractiveness and time-to-market for new products. It also stresses the need for better sequencing of rules, so that obligations apply only once technical standards are finalised, alongside stronger regulatory flexibility tools such as no-action relief.
The associations also emphasize that supervision should remain efficient and coherent, avoiding duplication and fragmentation, in order to foster deep, liquid and internationally competitive EU financial markets.
Read the full statement here.
