The EU ‘Competitiveness’ Council, meeting on Thursday 2 March in Brussels, reached a political agreement (‘general approach’) on the proposed directive of May 2022 that will update EU legislation on the marketing of financial services contracts concluded at a distance (directive 2002/65/EC, which will be repealed) to adapt it to the increasing digitalisation of the market.
The objective is twofold: - strengthening consumer protection and their rights to clear pre-contractual...