Morningstar praises EU regulators for PRIIPs review

Review to complete by year-end

clock • 3 min read

Morningstar has welcomed a "wide-ranging and open-minded" review of the controversial KID for Packaged Retail and Insurance-based Investment Products (PRIIPs), announced by European regulators last week.

On Friday (8 February) the European Supervisory Authorities (ESAs) revealed that as a result of industry feedback, they would not immediately implement "targeted amendments" to the regulation and would instead initiate "a more comprehensive revision" of the regulation, which is to be completed by the end of 2019. The regulatory bodies - the European Banking Authority, European Securities and Markets Authority and European Insurance and Occupational Pensions Authority - also issued a supervisory statement with regard to performance fees, recommending firms include a warning within Key Inf...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA urged to add ethical funds SDR label

FCA urged to add ethical funds SDR label

'We will carry on lobbying to try and change the rules'

Cristian Angeloni
clock 07 October 2024 • 1 min read
FCA's SDR regulation will 'make advisers sit up and listen'

FCA's SDR regulation will 'make advisers sit up and listen'

‘There has to be a fundamental re-educating of the adviser community’

Isabel Baxter
clock 30 November 2023 • 4 min read
Advice/guidance boundary review will help 'bridge advice gap'

Advice/guidance boundary review will help 'bridge advice gap'

The FCA’s latest update leads to mixed reactions from the industry

Sahar Nazir
clock 04 August 2023 • 4 min read