The IMA has welcomed a European Commission proposal to bring regulation of structured products in line with other retail funds.
A paper on the subject today outlines plans to force structured product providers to follow the same sales and transparency rules as unit trusts and Oeics.
Authorised investment fund trade body the Investment Management Association chief executive Richard Saunders says: "IMA has been calling for this for a long time and this response is most welcome.
"The proposal will help ensure that consumers benefit from the same disclosure about product features, costs and risks that investors in funds receive. This is particularly important where these products compete directly with funds."Investment Week
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till