Date: 3rd July 2012
Author: Guillaume Prache, EuroFinuse

CFA Institute, EuroFinuse,FECIF, EFAMA, and AILO,welcome the focus of the European Commission on investor protection through the publication this week of three pieces of legislation: the Packaged Retail Investment Products (PRIPs) regulation, the revised Insurance Mediation Directive (IMD) and the Undertakings for Collective Investments in Transferrable Securities V (UCITS)Directive. These are essential in addressing crucial issues of investor protection and together with Markets in Financial Instruments Directive (MiFID), the lack of a level playing field in the distribution of retail financial products across the European Union (EU). We, therefore, call on EU Institutions to ensure that this new legislation achieves its primary objective: to effectively protect European retail investors.