Date: 5th October 2016
Author:
Type: In the news
The Economic and Monetary Affairs of the European Parliament (ECON) voted yesterday on the Regulation for a Key Information Document for investment products (formerly known as “PRIPs”).
EuroFinUse praises the European Parliament for voting for more consistency in summary information for investors, but is quite concerned that a majority of the critical long term and pension investment products remain exempt from these requirements.
This “KID” legislative project is a key piece to restore EU citizens’ confidence in financial markets, and EuroFinUse demands a prompt start to the Trialogue negotiations.
Read the full press release here.