Investment Week (April 27)
2018/ 04/ 30 by jd in Global News
The European Union’s Packaged Retail and Insurance-based Investment Products (PRIIPS) regulation “is aimed at helping retail investors better understand and compare the key features, risks, rewards and costs of different products through a short Key Information Document (KID).” However, Andrew Bailey, the chief executive of the Financial Conduct Authority (FCA) “has expressed he is ‘concerned’ about the new PRIIPS legislation, highlighting literature requirements ‘are not providing useful context’ while there is evidence it is causing US funds to withdraw from Europe.”
Tags: Bailey, Context, Costs, EU, FCA, KID, PRIIPS, Regulation, Retail investors, Rewards, Risks, US funds, Useful
