Britain's FCA to investigate impact of EU asset management rules
Britain’s regulator will launch an investigation into the impact of new European Union rules on the asset management industry
This is after concerns were raised about how they affect the pricing of investment research and other issues.
The change in rules was aimed at pushing more stock trading onto regulated public exchanges, where prices are visible to all, and giving retail investors more information about potential investment returns.
The head of the Financial Conduct Authority (FCA) said PRIIPs risked having a detrimental impact.
“I am concerned about PRIIPs,” the FCA’s Chief Executive Andrew Bailey told an FCA conference last week. “It carries the risk of it leading to literally accurate disclosure which is not providing useful context.”
“We intend to publish a call for input next month to explore the scale of the potential problems,” he said.
Published: by Radio NewsHub