Dutch Minister of Finance insists on Kid in local language

Packaged retail and insurance-based investment products (Priips) can only be offered to investors in the Netherlands if the key information document (Kid) is available in the Dutch language, according to Wopke Hoekstra (pictured) , the Dutch Minister of Finance. 'The Authority for the Financial Markets (AFM) deliberately did not make use of the opportunity to accept another language next to Dutch for drawing up the Kid,' Hoekstra wrote in a letter to Dutch parliament. Hoekstra's letter came in