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By Gil BENDER, CEO Value Risk
Gil Bender, CEO at Value Risk, examines how recent changes to PRIIPs rules impact fund managers and administrators, the challenges they need to address and the significant risks they face if they fail to comply.
In recent decades, fund managers and administrators in the EU have had to navigate a swathe of new regulation, covering both UCITS and alternative investment funds (AIFs), that has primarily aimed to increase both transparency and investor protection.
This has not only put pressure on resources and costs, but failure to comply with the rules can also result in reputational and financial risk. The Packaged retail and insurancebased investment products (PRIIPs) regulation...
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