Lack of progress on PRIPs causing concern

In a letter to MEP members of the European Parliament Economic and Monetary Affairs Committee (ECON), EFAMA  expressed deep concerns about the latest developments of the PRIPs initiative, which it believes are increasingly diverging from the initial regulatory approach proposed by the Commission, and threaten to undermine the feasibility of the whole initiative. In particular, the considerable extension of its scope to non-packaged products and introduction of rules on eligible assets would make the initiative unworkable and potentially result in a move from standard to individual Key I...