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ARTICLE · 24 DECEMBER 2025

Retail Investment Strategy – What Fund Managers Should Know

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On 18 December 2025, the European Parliament and the Council of the European Union reached a provisional political agreement on a set of measures aimed at boosting retail participation in capital markets...

European UnionFinance and Banking
Roderik Boogaard
Roderik Boogaard
Joyce Kerkvliet
Joyce Kerkvliet
Marjolein Rekelhof
Marjolein Rekelhof
Jon Flikweert
Jon Flikweert
Florian Dorland
Florian Dorland
Meyke Maanicus
Meyke Maanicus
Jurriaan Klaasen
Jurriaan Klaasen
Gabriel Storm
Gabriel Storm
Daan Maas
Daan Maas

On 18 December 2025, the European Parliament and the Council of the European Union reached a provisional political agreement on a set of measures aimed at boosting retail participation in capital markets also known as the Retail Investment Strategy (RIS).

The RIS is part of the EU's savings and investments union (SIU) and simplifies investor protection and as a result boost the availability of private capital for, particularly, small and medium-sized enterprises (SMEs). The RIS comprises of a draft Directive amending the EU retail investor protection framework set out in, amongst others, the Markets in Financial Instruments Directive II (2014/65/EU, MiFID II); the Alternative Investment Fund Manager Directive (Directive 2011/61/EU, the AIFMD) and the Undertakings for Collective Investment in Transferable Securities Directive (Directive 2009/65/EC, the UCITS Directive).

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