EFAMA joins calls to fix PRIIPs failings 'as soon as possible'

In its latest attack on the regulation, which came into force on 1 January, the European funds trade body said PRIIPs' KIDs data requirements, particularly in relation to performance and costs, "at best confuse [investors] and at worst mislead them". Boards of Baillie Gifford trusts write to FCA on misleading KIDs The European Union's Packaged Retail and Insurance-based Investment Products (PRIIPs) regulation is aimed at helping retail investors better understand and compare the key features, risks, rewards and costs of different products through a short Key Information Document (KID)...