According to EFAMA, the European Fund and Asset Management Association, the new PRIIPs rules are threatening to cause serious investor detriment by mandating figures, particularly in relation to performance and costs, that will at best confuse investors and at worst mislead them.
EFAMA urges EU policymakers to support investors by working urgently with the industry and relevant stakeholders to rectify the serious issues highlighted above and below. In the meantime, they also need to help explain the nature of the figures given to investors. It is vital that trust in investment products, and in the information to be provided to investors, is maintained and enhanced. This needs to be achieved through providing investors with truly reliable and not misleading product disclosures on which to base their investment decisions.
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