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." Inve...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
