Senior figures from eight asset management groups, including Schroders and BlackRock, have urged the European Commission to amend draft Packaged Retail Investments & Insurance Products (PRIIPs) rules or risk misleading investors, according to reports.
According to the Financial Times, the fund houses have written to European Commissioner Jonathan Hill to call for urgent revisions to the legislation, which is due to be signed off in draft form this month....
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Via The Exchange
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