As the industry comes to terms with the modifications on Regulatory Technical Standards (RTS) proposed by the ESAs under the Priips review, SRP caught up with Fredrik Bonthron (pictured), head of the Swedish structured product association (SPIS), to discuss the current regulatory environment and the top items in the trade body’s agenda.
Can the different regulatory pieces (Prospectus Regulation, Mifid 2, Priips, IDD and Ucits) be put under the CMU 2.0 framework now that there is evidence of crossover/overlapping between some of the different guidelines? Fredrik Bonthron : They should be. In our experience, contradictory, overlapping and complex disclosure requirements may discourage retail clients from investing in financial instruments. Therefore, the CMU 2.0 should include a horizontal review of the pre contractual disclosur
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