EIOPA publishes final PRIIPs conflicts advice: EIOPA has published its final report following its Discussion Paper on Conflicts of Interest in direct and intermediated sales of insurance-based investment products (PRIIPs). The main comments it received in response to the paper were:
- any conflicts regime carried over from MiFID should be adapted for, and proportionate to, insurance products; and
- if the inducements regime were too strict, this might effectively stop commission-based sales.
The paper relates to the consultation on the advice EIOPA needs to give the Commission (see FReD 10 October). (Source: EIOPA Publishes Final PRIIPs Conflicts Advice)