Effects of Regulation 2021/1253 on investor protection in the Spanish financial system (2023)
DOI:
https://doi.org/10.14679/9988Keywords:
Financial advice, Sustainable investment preferences, Investor protectionAbstract
In Spanish legislation, a new regulation has been established which aims to promote sustainable investment, a situation for which it must be interrelated with investor protection by the Spanish legal framework. The investor protection duty that is applied by financial institutions in the provision of their services and in the sale of financial products may be compromised by the recent Regulation 2021/1253. It is established that financial entities, when applying the suitability test and the suitability test, should consult about sustainable investment preferences. The authors intend to add value by facilitating a debate on the effectiveness and effect on investment protection through a critical analysis of legal regulations.
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