The European Commission has published a press release stating that it is committed to delivering important improvements to investor protection measures for the main investment products bought by retail investors.
The Commission has also published a Communication setting out frequently asked questions on packaged retail investment products.
The Commission believes that product information requirements and rules on product sales need to be improved and made more coherent. The Communication outlines proposals for a new, horizontal legislative approach, drawing on the best of existing requirements and applying these to all relevant products.
The Commission will now start work on detailed legislative proposals required for this new approach, and will provide an orientation on the work by the end of 2009.
View Communication on packaged retail investment products (PRIPs): FAQs, 29 April 2009