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EU regulators given new Priips deadline
By
Charlotte Richards
25
th January 2021
8:46 am
Top EU regulators have been given a blunt warning to overhaul Priips regulation by the end of January, the Financial Times reports.
The rules, which were introduced in 2018 by the EU and apply to investment products sold to retail investors, have been heavily criticised over the years for producing “optimistic” projections and potentially misleading information about costs.
The European Commission’s financial services commissioner Mairead McGuiness has set a new deadline of 29 January in an effort to solve the ongoing divisions between regulators and lawmakers.
McGuiness has written to the EU’s three main financial regulators to demand they agree with the regulatory technical standards covering the presentation of costs and performance scenarios, according to the FT.

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