EU prepares to go the direct route on structured products law implementation

The introduction of several new European Union laws covering financial investments could prohibit sales of some products and push up costs

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The European Union has proposed new rules

European laws governing investment products are about to get a lot tougher, and may lead to the complete prohibition of the sales of some products to retail clients, said a lawyer at the Structured Products UK conference held in London yesterday.

"The direction of regulatory travel is more not less, which will make our jobs harder. [But] it will increase investor protection around sales and marketing of structured products," said Timothy Hailes, chair of the Joint Associations Committee on

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