Amid Rising Criticism of ‘Misleading’ PRIIPS, EIONA Promises Amendments
Growing concern from regulators and industry bodies about potential harm to investors could yet force the European Commission to eventually rethink its position on PRIIPS.
UK regulator the Financial Conduct Authority criticized pan-European regulator the European Securities and Markets Authority’s inability to act rapidly and make timely adjustments to rules when necessary—in particular, its approach to regulation relating to Packaged Retail and Insurance-based Investment Products (PRIIPs)—during a recent speech championing cooperation with European regulators and calling for UK equivalence (the process by which the EU deems a nation’s regulatory regime to
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