No Priips, no sales: new rules threatening to cause serious 'compliance problems', promise million percent returns

Pablo Conde and Marc Wolterink, 08 January 2018

As fund managers, stock brokers and investment platforms scrap some of their products, such as US-domiciled exchange-traded funds, for failing to meet the new Priips rules or halt the sales of products that have not yet produced key information documents, the European Structured Investment Products Association (Eusipa) and the European Fund and Asset Management Association (Efama) have raised concerns that the new regulatory regime is threatening to cause serious investor detriment by mandating figures, particularly in relation to performance scenarios and costs, that will at best confuse investors and also mislead them.

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