EU Prips consultation document accepts one size does not fit all
The consultation document covers pre-contractual disclosures, while new sales rules will be wrapped into the Markets in Financial Instruments Directive (Mifid) and Insurance Mediation Directive (IMD) consultancies. Regarding the sale of Ucits products, "it seems preferable to address such sales through the Ucits framework, rather than through Mifid", states the document.
Perhaps the most important aspect of the Prips document is its acknowledgment that one size does not fit all when it comes to
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