As of October, Mr. Kristjan Verbič, the VZMD President, has commenced a new three-year term at the European Securities and Markets Authority (ESMA), this time serving on the Consultative Group of the Investor Protection Standing Committee (IPSC). The IPSC has been established to develop and implement ESMA's strategic objectives concerning retail/private investors, ensuring horizontal coordination and alignment of all ESMA activities related to investor protection across various domains. It addresses all significant aspects of the distribution of financial products by intermediaries to investors, including the costs charged to investors, as well as the coordination of financial literacy initiatives and aspects of financial innovation and regulation.
This latest appointment marks Mr. Verbič's third role within ESMA - having previously been appointed to the Consultative Group of the Corporate Finance Standing Committee (CFSC) in 2016, followed by his nomination to the Financial Innovation Standing Committee (FISC) in 2021 – and it also represents a significant recognition of Mr. Verbič's ongoing efforts and successful contributions in the Slovenian, European, and international arenas. It complements his extensive portfolio of roles, including his positions as a member of the European Commission’s Financial Services User Group (FSUG), Executive Board Member of the European Federation of Investors & Financial Services Users (BETTER FINANCE), and Executive Committee Member of the World Federation of Investors (WFI).
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