The supervisors want more flexibility to deal with product differentiation at level two.

The European Commission’s Packaged Retail Investment & Insurance Products regulation (Priips) inched closer to resolution last Friday (11 February) when the European Supervisory Associations (ESAs) held a public hearing on the ‘direction of travel’ of their level one advice to the Commission as it prepares its broad Retail Investment Strategy review. The ESAs want the European Commission to loosen overly restrictive wording in the level one legislation and to firm up their

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