The European Commission services have launched a consultation on the 'packaged retail investment products' (PRIPs) initiative, which aims at raising standards of protection for retail customers.
The consultation also addresses inconsistencies in the standards that apply to different products and industry sectors. The replies will serve as an input for the Commission when developing legislative proposals on transparency and sales for the products. To accompany the consultation the Commission is also publishing two studies. The first identifies some of the costs of possible changes to sales rules for the industry, and can be found here. The second focuses on decision making by retail investors, and shows some of the factors that hinder effective decision making and that simplifying and standardising product information can significantly improve investment decisions.
Deadline for comments is 31 January 2011.
© European Commission
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