Consumers

Financial institutions which provide investment services must comply with the rules under MiFID I and MiFID II. MiFID is the abbreviation for “Markets in Financial Instruments Directive”. One of the principal objectives of these Directives is harmonizing investor protection across Europe. To clearly inform consumers of their rights, the FSMA published  an educational brochure providing information on the various investor protection mechanisms put in place by these Directives. The title of the  brochure is “MiFID II Directive: more protection for investors”. The brochure gives an overview of the different obligations imposed on firms before, during and after the investment by the client.

The European Insurance Distribution Directive (IDD) contains a set of rules aimed at providing customers with better protection in relation to the distribution of insurance products. The brochure, titled "The IDD Directive: better protection for consumer interests. Focus on insurance products", summarizes the rules applicable to insurance products in the traditional sense of the term. As the IDD contains additional requirements that apply exclusively to insurance-based  investment products (IBIPs), these products are discussed in a separate brochure, titled "The IDD Directive: better protection for consumer interests. Focus on insurance-based investment products”.