Efama calls on the European Commission to urgently postpone the Ucits exemption to protect consumers
The European Fund and Asset Management Association (Efama) believes that if the Priips review is delayed, the Ucits exemption should also be postponed to ensure investors do not receive ‘confusing and misleading information’ in the mean-time. The fund management trade body believes it would be counterproductive for the European Commission (EC) to replace the Ucits Kid by the Priips Kid before a comprehensive review and thorough consumer testing have been conducted on the Priips regi
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