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Steinhoff’s first half-year report raises questions,

Investors request more information on current state of affairs at Steinhoff Seven months after the widespread accounting irregularities came to light, Steinhoff issued its half-year report for the six months ended 31 March 2018. The half-year results, also containing the unaudited restated half-year condensed financial statement for the six months ended 31 March 2017, provide investors with some ...
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VEB takes Deloitte to court for losses incurred by Steinhoff investors

PRESS RELEASE   VEB takes Deloitte to court for losses incurred by Steinhoff investors  The VEB has summoned Deloitte Accountants to appear before the District Court of Rotterdam for the losses incurred by the Steinhoff shareholders. Deloitte, incorrectly providing an unqualified auditor’s report on Steinhoff’s financial statements for 2016, seriously failed to fulfil its duties as laid down by...
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European Investors comments on changes to the UK Takeover Code

European Investors submitted its comments on the Public Consultation Paper of the Code Committee of the Takeover Panel with regard to statements of intention and related matters. The Takeover Panel is the independent body responsible for issuing and administering the Takeover Code in the United Kingdom. The consultation seeked views on important reforms to the way takeovers operate in the UK. C...
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European Investors welcomes changes in the new Prospectus Regulation

European Investors’ Association (EIA) welcomes the changes in the new Prospectus Regulation. In our response on the public consultation of the European Securities and Markets Authority (ESMA), we stressed the importance of ensuring that the overarching goals of the regulation are well reflected and developed in Level 2. The objective of the Prospectus Regulation is twofold: making accession to ...
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European Investors participates in the Eurofi Financial Forum 2017

European Investors participated in the Eurofi Financial Forum 2017 (“What way forward for the EU27 and Eurozone?”) in the Estonian capital of Tallinn on 13, 14 and 15 September 2017. This event was organised by Eurofi (the European think tank dedicated to financial services), in association with the Estonian EU Council Presidency. Mr. Niels Lemmers, managing director of European Investors, cont...
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VEB endorses the EC-recommendation for an opt-in model for collective redress

The Dutch Investors’ Association VEB has, also on behalf of European Investors’ Association, submitted its response on the European Commission’s call for evidence on Collective Redress arrangements throughout the EU. VEB prides itself on being the leading Dutch collective redress organisation. It is widely reputed for successfully upholding investor rights through either litigation or settlemen...
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European Investors expresses strong support for FSB’s recommendations on climate-related financial disclosures

15 February 2017 – On 14 December 2017, the Task force on Climate-related financial disclosures (TCFD), set up by Financial Stability Board (FSB), published an important report outlining its recommendations for disclosures on the financial impact on climate change. These recommendations aim to make such disclosures more decision-useful and consistent, an objective strongly support by European Inve...
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European Investors concerned about new target market rules

13 January 2017 - As of 3 January 2018, distributors of investment products will be required to define a target market for each of the products they include in their product assortment and intend to recommend to their clients. This target market should describe for whom a particular product is intended. In principle, European Investors is very supportive of the new product governance rules introd...
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European Investors alarmed over Financial Transaction Tax

6 January 2017 - The European Investors’ Association has noted with great concern that ten EU Member States are pushing ahead with their enhanced cooperation in the area of the Financial Transaction Tax (FTT). Introduction of a FTT would burden investors in Europe with the negative effects of a tax which is unjust, counterproductive and therefore utterly unacceptable. The participating countries ...
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EP rejects technical rules on KID for PRIIPs: Swift action by EC required to maintain starting date!

14 September 2016 - Today, the EP plenary passed a resolution (by 602 votes to 4, with 12 abstentions) calling for changes to the technical standards, called RTS, on packaged retail and insurance-based investment products (PRIIPs) -- a market worth up to €10 trillion in Europe. It thereby confirmed the ECON committee vote last week. The European Commission (EC) now has to revise the RTS. This mig...
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