EUROPEAN COMMISSION PROVIDES GUIDANCE ON THE PROTECTION OF CROSS-BORDER EU INVESTMENTS IN LIGHT OF THE CONTINUED DEVELOPMENT OF THE CAPITAL MARKETS UNION

Date: 1st August 2018 Author: BETTER FINANCE With its Communication of July 19, the European Commission reaffirmed the illegality of intra-EU bilateral investment treaties(intra-EU BITs) and stated that ”EU investors cannot invoke intra-EU BITs, which are incompatible with Union law and no longer necessary in the single market’’. Intra-EU BITs

ESMA SCOLDS NATIONAL AUTHORITIES FOR SHORTCOMINGS IN THE SUPERVISION OF EFFICIENT PORTFOLIO MANAGEMENT OF UCITS

Date: 1st August 2018 Author: BETTER FINANCE The European Securities and Markets Authority (ESMA) initiated a peer review and published a report that found that six national competent authorities (NCAs) need to enhance their supervision of Undertakings for Collective Investments in Transferable Securities (UCITS) operating with Efficient Portfolio Management Techniques

BETTER FINANCE WELCOMES THE NEW EP ECON STUDY ON MIS-SELLING OF SUBORDINATED DEBT TO RETAIL INVESTORS AND NOTES ITS IMPLICATIONS FOR SLOVENIA

Date: 30th July 2018 Author: BETTER FINANCE In June 2018 the ECON committee of the European Parliament published a study titled “Subordinated Debt and Self-placement: Mis-selling of Financial Products”. After five years of very diverse interpretations and applications of so-called “burden sharing” in bank recovery and resolution, also known as

EIOPA appoints more retail user expert representatives to its Insurance and Pensions Stakeholder groups – five of them are from BETTER FINANCE and its member organisations

Date: 20th July 2018 Author: BETTER FINANCE On 17 July EIOPA, the European Insurance and Occupational Pensions Authority announced the new composition of its two “stakeholder groups”: the Insurance and Reinsurance one (IRSG), and the Occupational Pensions one (OPSG). BETTER FINANCE thanks and congratulates EIOPA for successfully “seeking to strengthen

BETTER FINANCE RELEASES RESEARCH FINDINGS ON LIFE CYCLE PENSIONS AND ONCE MORE REQUESTS THAT EU POLICY MAKERS ENSURE A REAL PROTECTION OF PERSONAL PENSION SAVINGS

Date: 19th July 2018 Author: BETTER FINANCE BETTER FINANCE welcomes the recent opinions of the Committee on Employment and Social Affairs (EMPL) and the Committee on Internal Market and Consumer Protection (IMCO) on the proposed “PEPP” EU Regulation, but remains concerned regarding the recent developments at the European Parliament and

Presedintele AURSF primeste un nou mandat la autoritatile europene de supraveghere financiara

Alin Iacob, presedintele AURSF, va face parte timp de doi ani si jumatate din Grupul Partilor Interesate de Asigurari si Reasigurari (Insurance Reinsurance Stakeholder Group) din cadrul Autoritatii Europene de Asigurari si Pensii (EIOPA), cu sediul la Frankfurt. Rolul IRSG este de a consilia EIOPA in privinta legislatiei secundare de