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

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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