EU decision on KIDs leaves non-UCITS investors 'in the cold'

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The Association of Investment Companies (AIC) today called on the FCA to protect investors in investment companies following the European parliament's decision to delay the key information documents (KID) rules for UCITS funds for two years but not suspend them for non-UCITS funds. The AIC called for the key information documents regulation to be delayed for closed-ended funds. This follows an earlier call from the AIC in July this year cautioning that consumers were being misled by KIDs and urged the FSA to "act now" to protect consumers. Ian Sayers, Chief Executive of the AIC said: ...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.