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jointletterongoingreviewPriisrts_2.pdf
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🔗 Source: efama.org
📊 Size: 502 KB
👤 Author: francescab
⬇️ Downloads: 44

Summary

The Joint Committee of the European Supervisory Authorities (ESAs) is reviewing the regulatory technical standards (RTS) for the Packaged Retail and Insurance-based Investment Products Regulation (PRIIPs). The signatories welcome the review but have serious concerns, including the lack of thorough consumer testing for proposed changes to the Key Information Document (KID) and the potential for constant changes to the PRIIPs framework, which could lead to consumer confusion and loss of trust. They argue that a comprehensive assessment of the PRIIPs KID is needed, rather than piecemeal changes, and that a 'one-size-fits-all' approach may not be effective. They urge the European Commission to consider their concerns and conduct a thorough analysis of the PRIIPs framework as part of the official review of the Regulation.

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The Joint Committee of the European Supervisory Authorities (ESAs) is reviewing the regulatory technical standards (RTS) for the Packaged Retail and...

Technical Information

  • File Format: PDF
  • File Size: 502 KB
  • Pages: 2
  • Language: EN
  • Author: francescab
  • Total Downloads: 44
  • Last Updated: 2 months ago

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