On 1 October 2021, the European Securities and Markets Authority (ESMA) issued a call for evidence on a number of retail investor protection topics under MiFID II.

The call for evidence follows a letter that ESMA received from the European Commission in July this year asking for assistance in the preparation of legislative proposals implementing aspects of the retail investment strategy. More specifically, the Commission invited ESMA to provide advice on a number of focused areas including disclosures, digital disclosures and digital tools and channels.

ESMA will consider all comments received by 2 January 2022.

ESMA will hold a public hearing in Q4 2021 and registration for the hearing will be available in the relevant section of the ESMA website in due course.

The views received will feed into ESMA’s technical advice to the Commission on the development of its retail investment strategy. ESMA is due to deliver its technical advice by 30 April 2022.