Priips
UK regulator offers ‘mis-leading’ Priip performance solution
The Financial Conduct Authority is “comfortable” allowing Priip manufacturers and advisers to provide “explanatory materials” where there are concerns that performance scenarios in mandatory key information documents (Kids) are too optimistic.
Expats hit as funds suspended over missing Priips documents
US expats will be among the worst affected after Hargreaves Lansdown suspended nearly 1,200 ETFs and investment trusts last week after they failed to produce a key information document (Kid) as required under the EU’s new Priips regulation.
Leading industry authority warns Priips rules misleading
The European Fund and Asset Management Association (Efama) is urging regulators to work with the industry to rectify “serious issues” in new rules, due to come in to force in January 2018, that are designed to enhance investors’ understanding of retail investment products.
Best Practice | 27 Oct 17
Driving advice in Europe from sales to profession
Advisers in Europe need to embrace the hurricane of legislation that is about to hit them or risk “driving their business into a cul-de-sac with no reverse gear“, writes Chris Lean, a Czech-based chartered financial planner with Aisa International.
Tax & Regulation | 2 May 17
FCA spares dealing and portfolio services from Priips rules
The UK regulator has decided that retail investment dealing, portfolio management and custody services will not fall under major new European Union disclosure rules.