Germany's new disclosure regime targets distributors

A new prescription


Germany's legislators are to introduce new laws on the style and format of the country's key information document (Kid), the short-form explanation of the main risks and rewards contained in a structured products investment. The new set of rules will differ from those in the European Union's Packaged Retail Investment Products (Prips) regulations, in that the German version will apply to the distributor of the product whereas the EU appears to favour the product manufacturer as the main target

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