EU structured products reforms lack co-ordination, says industry
The JAC fears disclosures on costs that issuers will have to include in a structured product's KID – proposed by European regulators as part of the Priips framework in November – will not satisfy similar, potentially duplicative requirements in Mifid II
Trade bodies representing the structured products industry have issued a warning to European regulators over proposed changes to the way issuers disclose the costs of a product to investors. They argue that a lack of co-ordination between concurrent regulatory reforms of the market-place risks generating unnecessary costs for issuers and confusion for investors.
The Joint Associations Committee on Retail Structured Products (JAC) published its response on February 17 to proposed changes to the
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