As part of the Capital Markets Union (CMU), the European Securities and Markets Authority (ESMA) and the other European Supervisory Authorities (ESAs) have been mandated by the Commission to issue recurrent reports on the cost and performance of the main categories of packaged retail investment and insurance-based products (PRIIPs, including UCITS and alternative investment funds (AIFs)).  This report is intended to enhance price competition and transparency of the various PRIIPs.   This development is welcomed in a recent speech by ESMA’s chair, Mr Maijoor which also covers the modified European Market Infrastructure Regulation (EMIR 2.2) and the ESAs’ increased supervisory powers in connection with third country firms.

Read the Commission’s mandate »

Read Mr Maijoor’s speech »