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In advance of the ESAs’ final report on technical changes to the PRIIP Key Information Document (KID), EFAMA has issued a public statement reiterating that the current PRIIP KIDs remain fundamentally flawed and provide retail investors with misleading information.
A full copy of EFAMA’s statement is available here
The industry body strongly believes an urgent review addressing these flaws is now both overdue, and essential - and is calling for all relevant parties to work together to find a practical and common-sense way forward. The COVID-19 crisis is resulting in unprecedented economic uncertainty and EFAMA says the asset management industry stands poised to play its part in...
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