Unintended impact of Priips, Mifid to be reviewed for asset managers

Author: Olly Jackson | Published: 14 Jun 2018

Changes could be on the horizon for the Packaged Retail and Insurance-based Investment Products (Priips) and the new Markets in Financial Instruments Directive (Mifid II) regimes, after the Financial Conduct Authority (FCA) conducts an analysis on costs and charges disclosure reforms.

FCA chief executive Andrew Bailey said this week that the regulator would take action to correct the unintended impact of the two frameworks on asset managers, as early as next month.

He admitted earlier this week that some aspects of Mifid II had not gone as well as the FCA had anticipated and hoped. A Personal Investment Management & Financial Advice Association spokesperson said that the FCA should consider improving the manner in which financial information is presented, including whether 'a different format would help facilitate better engagement with stakeholders’.

Bailey expressed his concerns about Priips in a speech earlier this week: the regime is believed to have been so...


 

 

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