The European Commission’s proposed new amendments as part of its EU Retail Investment Strategy (RIS) have caused much consternation amongst the sector since they were first published on 24 May.
Proposals surrounding a limited inducement ban, pricing benchmarks, ‘best-interest’ tests, and an unfeasible timeline have led several European associations releasing a joint statement on 6 June to voice their initial concerns. SRP caught up with Thomas Wulf ( pictured ), secretary general of the European Structured Investment Products Association (Eusipa), one of the associations involved, to go through the main sticking points. “The RIS is a very complex file and many of the