Financial services are an essential part of the EU’s efforts to complete the internal market, as regards the free movement of services and capital. Financial services regulation contributes to an environment that protects consumers, promotes market integrity and supports investment and growth.
To ensure that unnecessary costs are removed and rules are as effective and efficient as possible, since 2015 under REFIT, 10 initiatives have been adopted and 9 are pending adoption. Moreover, 9 evaluations have been finalised and 1 is ongoing.