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Recommendation on EU savings accounts drafted by EU Commission

( September 15, 2025, 14:10 GMT | Official Statement) -- MLex Summary: The European Commission has outlined a set of features for EU countries to adopt when establishing frameworks for Savings and Investment Accounts, in a draft recommendation seen by MLex. The commission says in this document — expected to be presented on Sept. 30 — that “no minimum age requirement or minimum amount should be imposed for the opening of an SIA.” It also suggests that EU countries introduce tax incentives to encourage the uptake of SIAs. “Highly risky and complex financial instruments, such as ... derivatives and crypto assets” should be excluded from the SIA scope, the text also reads. The commission will monitor how EU countries implement this recommendation.See attached draft recommendation from the European Commission. ...

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