French financial sector challenges PRIIPs standards

clock • 2 min read

Nine French financial services organisations,  including the major French asset management association, AFG, have expressed concern about the European Commission’s adoption, in June, of regulatory technical standards for the new PRIPPs (Packaged Retail and Insurance-Based Investment Products). The controversial new PRIIPS regulations are set to be implemented on 1 January next year, and aim to to improve the product information given to investors through a so-called key information document (KID). The regulatory technical standards, or RTS, at issue were submitted to the European Parl...

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