Date: 5th October 2016
Author:
Type: In the news
The PRIIPS regulation was initially welcomed as a protection for savers. However the new PRIIPS regulation will impose the submission of a key information document that is not up to scratch.
According to Guillaume Prache, Managing Director at BETTER FINANCE; “the text as it stands goes against the protection of savers and investors.”
"We want to integrate a reference to past performance. Only a standardised presentation of past performance, over a period of ten years for example, could indicate whether a product has generated returns and whether a investment manager has beaten its benchmark, "says Guillaume Prache.
Please read the full article in French here.