cleversoft group GmbH+49(0)89 288 51110
Open a Support Ticket Support
Join our newsletter
Join our newsletter

On 24 May, the EU Commission published its Retail Investment Strategy (RIS). As a central part of the Capital Markets Union, the aim is to strengthen trust in the capital markets and thereby encourage investment by retail investors.

Let's talk how we can help your business.

Connect to a new world of efficiency by utilizing cleversoft’s business solutions.

Contact us

Let's talk how we can help your business.

Connect to a new world of efficiency by utilizing cleversoft’s business solutions.

Contact us

On May 24th, 2023, the European Commission adopted a Retail Investment Package aimed at prioritizing the interests of retail investors and enhancing their trust and confidence in the EU’s Capital Markets Union. The Commission based its proposals on evidence collected over the past three years, including an in-depth study on retail investor issues, public consultations, advice from supervisory authorities, and engagement with stakeholders.  

The proposals in the package include various measures such as:  

A short and user-friendly overview of the market issue and the European Commission’s Idea on how to solve the problem can be found here: Factsheet.pdf

Affected Regulations

The package encompasses an amending Directive that revises existing rules in several directives, including MiFID II, IDD, UCITS, AIFMD, and Solvency II. It also includes an amending Regulation that revises the PRIIPs Regulation. 

Affected Services    

Several cleversoft Services will be affected once the Commission’s propositions are officially published:  

cleversoft Services affected from the published Commission’s propositions



Please note that this 8-week feedback period to be extended every day until the adopted proposal is available in all EU languages.

Below you can find any relevant highlights to the affected regulations.    

Proposed changes to PRIIP

The specific provisions of the proposal align with the EU Retail investment strategy and aims to enhance disclosures in the digital environment and meet the always evolving needs of retail investors. They primarily focus on modifying the Key Information Document (KID) provided to retail investors before they make investments and are in large part driven by the awareness that the information provided to investors is not always useful or relevant for them to decide whether to invest.  

The EU Commission has now submitted the following amendments to the PRIIPs Regulation (EU) No 1286/2014):   


Proposed Changes MiFID II and IDD


Proposed Changes Solvency II

The articles 183, 184, 185 detailing the information that needs to be provided to policy holders in the section Cancelation rights from the Solvency II directive are to be deleted and instead the obligations of the insurers in this respect are going to be described in the new directive. 

More details can be found in the related Question and answers on the Retail Investment Package, and in the Impact assessment accompanying the proposals also published on May 24th, 2023. 



Our Regulatory Watch is currently conducting a thorough review of the amendments out forth by the European Commission, taking into consideration their potential implications for our clients and the relevance they hold for our respective services. We will keep you informed and updated on any pertinent developments resulting from this review process.