MEPs on European Parliament’s Committee on Economic and Monetary Affairs (ECON) approved, on Wednesday 20 March, the draft report by Stéphanie Yon-Courtin (Renew Europe, French) on the review of retail investor protection rules, with 32 votes in favour, 21 against and one abstention.
For several months now, however, the political groups have been divided on the issue of retrocessions (see EUROPE B13353A10), commissions in the form of outpayments that an intermediary may receive from a...