EU insurers and structurers clash over Priips cost disclosure
Insurers back the reduction in yield approach, while structured product providers broadly prefer the total cost ratio method
Europe's insurance and structured products industries disagree over the best way to disclose product costs under incoming regulation on packaged retail and insurance-based investment products, or Priips.
The European Supervisory Authorities (ESAs) published a consultation in June on a technical discussion paper describing the key information documents (KIDs) that Priips providers will have to produce for consumers once this regulation is in force. The consultation closed on August 17.
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