EU Prips consultation document accepts that one size does not fit all

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EU publishes Prips consultation

The European Union has published its consultation document on the legislative steps for the Packaged Retail Investment Products (Prips) initiative. The document contains few surprises and is available for final comments until January 31, 2011.

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

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