Fractional shares and MiFID II obligations: the investor protection measures introduced by ESMA
- Written by Angelo Messore, Francesco Dagnino and Federico Bonardi. On 28 March 2023 the European Securities and Markets Authority (ESMA) issued a public statement clarifying the MiFID II obligations applying to the marketing and sale of fractional shares. The statement addresses the specific investor protection concerns surrounding this new investment product, which is increasingly used [...]