Investor protection : Call for evidence on the retail investor journey: understanding retail participation in capital markets

Call for evidence 21 May 2025 ESMA35-335435667-6289 On the retail investor journey: understanding retail participation in capital markets Responding to this paper ESMA invites comments on all matters in this paper and in particular on the specific questions summarised in Annex 1. Comments are most helpful if they: • respond to the question stated; • indicate the specific question to which the comment relates; • contain a clear rationale; and • are accompanied by explanations, practical examples, or evidence drawn from experience. ESMA will consider all comments received by 21 July 2025. All contributions should be submitted online under the relevant consultation. Publication of responses All contributions received will be published following the close of the consultation, unless you request otherwise. Please clearly and prominently indicate in your submission any part you do not wish to be publicly disclosed. A standard confidentiality statement in an email message will not be treated as a request for non-disclosure. A confidential response may be requested from us in accordance with ESMA’s rules on access to documents. We may consult you if we receive such a request. Any decision we make not to disclose the response is reviewable by ESMA’s Board of Appeal and the European Ombudsman. Data protection Information on data protection can be found at www.esma.europa.eu under the heading ‘Legal Notice and Data protection’. Who...