Better Finance says Priips rules ‘contradict and violate’ Mifid 2 provisions as the information on performance provided will not be clear and understandable to the majority of EU investors.
Following the recent change of heart by the European Supervisory Authorities (ESAs) suggesting they now intend to amend Priips regulation as well as address the main issues arising from the practical application of the Key Information Document (Kid), Guillaume Prache, managing director of Better Finance, provides an update about the organisation’s position on the matter and the need to re-introduce the ‘past performance scenarios’ in risk calculations. Better Finance and
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