On 1 February 2016, Insurance Europe published its response to a call for evidence by the European Commission on its proposed Capital Markets Union (CMU).  The CMU aims to remove barriers to investment throughout Europe. The Commission sought feedback on issues such as rules limiting economic growth and imposing unnecessary regulatory burdens. Insurance Europe set out examples of what it views as concerns in this regard, including (a) disincentives to investment such as exaggeration under Solvency II valuation of risks posed by certain asset classes, (b) risk of information overload and duplication (e.g. Solvency II, IDD and PRIIPs and (c) difficulties posed by tight PRIIPs implementation timelines and high implementation costs.