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The FECIF (European Federation of Financial Intermediaries and Advisers) has restructured its executive team, as it prepares and assists its members to face what it has dubbed a ‘regulatory Tsunami’, across the next 12 months. The Brussels-based non-profit organisation, is readying itself for helping its members deal with a raft of EU regulations, that are about to hit the financial […]
Lobbying by the European Federation of Financial Intermediaries and Financial Advisers (FECIF) reached new heights last year with the organisation participating in a combination of more than 40 major European consultations, conferences, meetings, hearings and studies. FECIF has created a document highlighting last year’s areas of its activity in which, it said in statement outlining the main […]
The Association of International Life Offices has written to European Insurance and Occupational Pensions Authority expressing concerns at the letter it has sent regarding revisions to the regulatory technical standards (RTS) relating to PRIIPs. The AILO said in a statement that it is particularly concerned that EIOPA has not highlighted in its recent letter to the EU’s […]
The Association of International Life Offices (AILO), the representative organisation for life insurers operating cross border in the EU, has demanded changes to the European Commission’s proposed reform of the controversial packaged retail investment and insurance-based investment products (PRIIPs) introduction. AILO said that it has been consistently involved with the development of PRIIPS since 2007, when it […]
The European Commission has today announced it will delay the application date of the Insurance Based Investment Products (PRIIPs) regulation until 1 January 2018. This follows on from the decision of the European Parliament to reject the secondary legislation Regulatory Technical Standards (RTS) on the PRIIPs Key Information Document (KID), as reported, in September. At […]
The European Commission rubber-stamping of new rules having to do with the so-called Key Information Document, relating to packaged retail and insurance-based investment products (PRIIPs), has been criticised as “completely inappropriate”. The Key Information Document (KID) relate to documents that will have to be provided to retail consumers when they buy certain investment products, as of 31 […]
More work is needed on the new packaged retail and insurance-based investment products (PRIIPs) key information documents (KIDs) before launch, or they could be a “danger to investors”, according to the European Fund and Asset Management Association (EFAMA). The EFAMA has issued a comment paper in response to the European Supervisory Authorities (ESA)’s final draft regulatory technical […]
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