Opinion on EU product categorization, Europe and U.S.

General viewpoint among financial market participants for a financial product categorization system to be regulated at the European Union (EU) level in select parts of Europe and the United States in 2023

Characteristic	Totally disagree	Mostly disagree	Partially agree/disagree	Mostly agree	Totally agree	No opinion
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Release date

May 2024

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Region

Belgium, France, Germany, Luxembourg, Spain, United Kingdom, United States

Survey time period

September 14 to December 22, 2023

Number of respondents

289 respondents

Special properties

Organizations and individuals.

Supplementary notes

This data for each statement was generated using information from varying numbers (284,289,287,289,289,and 253) of the total respondents, whole survey group details are below.

The survey group was made up of 324 organizations and individuals coming from; Financial market participants (FMPs) and financial advisers comprised the largest group of respondents (63%), insurance companies (14%), and banks (10%), and NGOs (11%).

Respondents were primarily from EU countries, with France (23%), Germany (10%), Belgium (7%), Spain (6%), and Luxembourg (6%) being the most represented (totaling 52%). Approximately 19% of respondents were from non-EU countries, predominantly the UK (11%) and the U.S. (5%).

Citation formats

The vast majority of those surveyed felt a need for a product categorization system regulated at the European Union (EU) level. As over ** percent of respondents noted having "totally disagreed" or "mostly disagreed" with the first statement. The following **** statements received overall positive responses, with *** respondents having totally or mostly agreed that product categories would facilitate retail investors' understanding of sustainability products, strategies, and objectives. A similar outcome was generated for statement ****, as *** respondents totally or mostly agreed that professional investors' understanding would benefit from a categorization system.