Parliament agreed to delay draft investor protection rules to allow time for improvements
Small investors need to be much better informed about possible risks and fees related to investment products they might buy, say MEPs. On Thursday they agreed to delay implementation of new rules under which investment companies have to provide a consumer-friendly document to guide prospective investors of “packaged retail and insurance-based investment products” (Priips).
The delay comes after MEPs rejected previously proposed standards as “flawed and misleading.”
Further information
Contacts:
-
Hyun-Sung KHANG
Press Service