ESMA - Report on the Call for Evidence on the retail investor journey: understanding retail participation in capital markets
ESMA published its takeaways from the 2025 Call for Evidence on the retail investor journey.
Taking into account the input from stakeholders, ESMA outlines a number of actions and operational improvements it will take forward to make it easier for retail investors to access suitable investment opportunities.
ESMA will focus on three areas: streamlining disclosure requirements and tackling information overload for investors; reducing complexity in suitability and appropriateness assessments; simplifying MiFID II requirements on sustainability preferences.
Next steps: the report will guide ESMA’s future technical advice on MiFID II delegated acts and potential updates to its guidelines, ensuring alignment with the final outcome of the Retail Investment Strategy (RIS).
