• New consumer protection tools
• Improved suitability with risk, diversification and cost considerations
• Identification and warning of risky and complex investment products
• Transmission of product data by manufacturers and distributors to national competent authorities (NCA)
• Creation of new product benchmarks by the European Insurance and Occupational Pensions Authority (EIOPA) and European Securities and Markets Authority (ESMA)
• New minimum knowledge and competence standards required for financial advisors
• Rules on information sharing when providing cross-border services
• Updates on client reporting to coordinate the disclosures
• New obligations around social media promotion through financial influencers, or "finfluencers"
• Requirement to archive marketing communication made within the duration of the client relationship
• Introduction of insurance product information document (IPID) for life insurance products

After Council’s approval:

• Removal of the proposed ban on inducements for execution-only sales
• Strengthened safeguards for inducements, including an inducement test and a uniform test specifying the duty for advisors to act in the client's best interest
• Enhanced transparency about what payments are considered inducements, their costs, and their impact on investment returns
• Overarching principles to prevent conflicts of interest in the case of inducements
• Option for Member States to use Union supervisory benchmarks for market comparisons
• Requirement for manufacturers and distributors to compare their products to a peer group of similar investment products within the EU
• Review of the Value for Money framework seven years after implementation

• New "Product at a glance" section at beginning of the key information document (KID)
• Removal of comprehension alert
• Dedicated section on sustainability aligned with the Sustainable Finance Disclosure Regulation (SFDR)
• More flexibility to include past performance along with performance scenarios in the KID
• Prioritization of multi-option products (MOPs) with the requirement to develop a tool to compare different investment options

After Council’s approval:

• Enhanced digital access to KIDs to help investors better understand and compare investment products

• Additional product approval requirements for manufacturers
• Peer-group requirements when manufacturing or distributing a PRIIP
• Ban on inducement for portfolio management
• New €100 threshold for independence impairment
• Additional requirements for investment advice to retail investor

After Council approval:

• Standardization of investor protection rules across different sectors and EU laws
• Measures to ensure fair value and prevent conflicts of interest due to inducements
• Increased transparency requirements for costs, charges, and performance

• New consumer protection tools
• Improved suitability with risk, diversification and cost considerations
• Identification and warning of risky and complex investment products
• Transmission of product data by manufacturers and distributors to national competent authorities (NCA)
• Creation of new product benchmarks by the European Insurance and Occupational Pensions Authority (EIOPA) and European Securities and Markets Authority (ESMA)
• New minimum knowledge and competence standards required for financial advisors
• Rules on information sharing when providing cross-border services
• Updates on client reporting to coordinate the disclosures
• New obligations around social media promotion through financial influencers, or "finfluencers"
• Requirement to archive marketing communication made within the duration of the client relationship
• Introduction of insurance product information document (IPID) for life insurance products

After Council’s approval:

• Removal of the proposed ban on inducements for execution-only sales
• Strengthened safeguards for inducements, including an inducement test and a uniform test specifying the duty for advisors to act in the client's best interest
• Enhanced transparency about what payments are considered inducements, their costs, and their impact on investment returns
• Overarching principles to prevent conflicts of interest in the case of inducements
• Option for Member States to use Union supervisory benchmarks for market comparisons
• Requirement for manufacturers and distributors to compare their products to a peer group of similar investment products within the EU
• Review of the Value for Money framework seven years after implementation

• New "Product at a glance" section at beginning of the key information document (KID)
• Removal of comprehension alert
• Dedicated section on sustainability aligned with the Sustainable Finance Disclosure Regulation (SFDR)
• More flexibility to include past performance along with performance scenarios in the KID
• Prioritization of multi-option products (MOPs) with the requirement to develop a tool to compare different investment options

After Council’s approval:

• Enhanced digital access to KIDs to help investors better understand and compare investment products

• Additional product approval requirements for manufacturers
• Peer-group requirements when manufacturing or distributing a PRIIP
• Ban on inducement for portfolio management
• New €100 threshold for independence impairment
• Additional requirements for investment advice to retail investor

After Council approval:

• Standardization of investor protection rules across different sectors and EU laws
  
• Measures to ensure fair value and prevent conflicts of interest due to inducements
• Increased transparency requirements for costs, charges, and performance

• Clarification of "undue costs" classification and required documentation
• Management fees to monitor pricing process and ensure appropriateness of the costs to the value delivered
• Investor compensation mechanisms
• Market comparisons to be considered in pricing process
• New reporting of costs and performance to the national competent authority (NCA)

After Council approval:

• Standardization of transparency and disclosure requirements to avoid overlaps
• Improved regulatory disclosures to help investors better understand and compare UCITS products

• Clarification of "undue costs" classification and required documentation
• Management fees to monitor pricing process and ensure appropriateness of the costs to the value delivered
• Investor compensation mechanisms
• Market comparisons to be considered in pricing process
• New reporting of costs and performance to the national competent authority (NCA)

After Council approval:

• Alignment of transparency and information requirements with other EU legislation
• Enhanced supervisory cooperation to ensure consistent application of rules across the EU

• New consumer protection tools
• Improved suitability with risk, diversification and cost considerations
• Identification and warning of risky and complex investment products
• Transmission of product data by manufacturers and distributors to national competent authorities (NCA)
• Creation of new product benchmarks by the European Insurance and Occupational Pensions Authority (EIOPA) and European Securities and Markets Authority (ESMA)
• New minimum knowledge and competence standards required for financial advisors
• Rules on information sharing when providing cross-border services
• Updates on client reporting to coordinate the disclosures
• New obligations around social media promotion through financial influencers, or "finfluencers"
• Requirement to archive marketing communication made within the duration of the client relationship
  
• Introduction of insurance product information document (IPID) for life insurance products
  

After Council’s approval:

• Removal of the proposed ban on inducements for execution-only sales
• Strengthened safeguards for inducements, including an inducement test and a uniform test specifying the duty for advisors to act in the client's best interest
  
• Enhanced transparency about what payments are considered inducements, their costs, and their impact on investment returns
• Overarching principles to prevent conflicts of interest in the case of inducements
• Option for Member States to use Union supervisory benchmarks for market comparisons
• Requirement for manufacturers and distributors to compare their products to a peer group of similar investment products within the EU
• Review of the Value for Money framework seven years after implementation

• New "Product at a glance" section at beginning of the key information document (KID)
• Removal of comprehension alert
• Dedicated section on sustainability aligned with the Sustainable Finance Disclosure Regulation (SFDR)
• More flexibility to include past performance along with performance scenarios in the KID
• Prioritization of multi-option products (MOPs) with the requirement to develop a tool to compare different investment options

After Council’s approval:

• Enhanced digital access to KIDs to help investors better understand and compare investment products

• Distributors with cross-border activities to report relevant information for a European database each year in order to enhance supervisory cooperation within EU
• Improvements and adjustments of required professional qualifications,  particularly for intermediaries providing advice on integration of sustainability preferences into insurance-based investment products.
• Development of a European benchmark for insurance-based investment products distributed across multiple Member States
• Additional information in the insurance product’s information document for specific life insurance products
• Transition from paper to electronic format for information provided to customers
• Enhancement of product oversight and governance requirements
• Introduction of an annual statement for retail policyholders and update of the pre-contractual information to include personalized information using a standard format and language
• Option to impose stricter requirements on insurance intermediaries and undertakings as they relate to inducements,
• New requirement to inform, assess and recommend the insurance-based investment products and underlying investment options which best suit the customer’s needs  and best interest
• Improvement of the assessment of suitability and appropriateness of insurance-based investment products
• Restrictions on online insurance distribution practices

Removal of the requirements regarding information provided to the policyholders.