European Accessibility Act: Application To Firms

The European Accessibility Act (the Act), is an EU Directive which aims to harmonise accessibility requirements for certain products and services offered to consumers within the European Economic Area (EEA).

The Act has a broad remit and includes certain consumer-facing financial and banking services provided in the EEA.

Which financial services fall within the scope of the Act?

From a financial services perspective, the Act includes within its scope:

• credit agreements covered by the Consumer Credit Directive;
• credit agreements covered by the Mortgage Credit Directive;
• the following investment services (and ancillary services) covered by MiFID;
  • reception and transmission of orders;