Two senior European Union officials have admitted that the Priips regulation and, in particular, the Key Information Document (Kid), are not fit for purpose.
High profile MEP and Econ member Markus Ferber (pictured) and Diego Valiante, a senior official at the European Commission’s Directorate-General for Financial Stability, Financial Services and Capital Markets (DG Fisma) and Professor at Bologna University, made the admission separately during a presentation and a panel discussion at FECIF’s annual conference, held a few days ago in Brussels. ‘One of the most alarming but pleasing conclusions from the event is that even EU offi
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