The European Parliament's Committee on Economic and Monetary Affairs has backed a motion by MEPs calling for urgent changes to current rules on PRIIPs KID documents, which could lead to a redraft of the regulations if supported by higher European authorities.
Yesterday, MEPs tabled the last minute challenge to current PRIIPs rules on new fund Key Information Documents (KIDs), arguing they could 'mislead' retail investors in areas like performance. The motion...
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