Law360, London (October 24, 2019, 5:30 PM BST) -- Top European finance regulators published guidance on Thursday explaining how controversial new investment disclosure rules should apply to bond markets, amid confusion about the effect of the regulation and concerns that it will be unevenly applied across the bloc.
The European Supervisory Authorities, or ESAs, said Thursday they want to provide regulators with clarity on the scope of the European Union’s new rulebook governing packaged retail and insurance-based investment products, or PRIIPs.
It is not clear whether the PRIIPs Regulation, which came into force in 2018, applies to bond markets, the authorities said. The regulation requires fund managers to provide certain information...
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