NFU Position Paper on the Capital Markets Union Action Plan

Executive summary

This document is an analysis by the NFU secretariat on the objectives of the upcoming legislation included in the investment package - the retail investment strategy and an analysis of the recently published capital markets union package. For NFU’s members these legislative frameworks are of utmost importance as they set the scene for finance workers’ every day working lives. Politics seeks to nudge retail investors’ activity and thereby setting incentives for financial institutions to serve their own interests as well as for their clients. Those however who implement the rules have to reconcile these objectives seamlessly and all at the same time. We therefore provide an insight into the complexity of the existing framework and possible ways to amend current and upcoming legislative proposals.