Date: 17th December 2012
Author: EuroFinuse

EuroFinUse shows its concerns on the long awaited Regulation on Key Information Documents for investment products that will unfortunately, and contrary to the original aim, only address the harmonization and improvement of pre-contractual product information, and not sales practices. KID Regulation must apply to all “substitutable” investment products at the retail point of sale and end the discrimination of simple, “inducement-light” and long-term products such as shares and bonds versus “packaged” products in the EU retail distribution markets, and ensure that shares and bonds also benefit from a harmonised, simpler and more comparable “KID”.