EU Insurers Urge Rethink Of Investment Disclosure Rules
Law360, London (January 7, 2021, 1:42 PM GMT) -- European insurers warned on Thursday against a "quick-fix solution" for regulation of investment disclosure documents, describing it as potentially misleading for consumers.
Trade body Insurance Europe said officials in the bloc should instead take time to rethink rules for the three-page documents that fund managers are required to produce for packaged retail and insurance-based investment products, known as PRIIPs.
The Brussels-based business lobby has argued that the current rules for key information documents, referred to as KIDs, are too prescriptive and were not designed with insurers in mind. The trade body was responding to expectations that the European Commission is pressing the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!