Industry frets over Priips cost disclosures

Disclosing all costs "makes absolutely no sense", says one dealer

Comparing costs will prove difficult
The true cost of some products will be inflated, fears industry

Dealers and industry groups have hit out at new mandatory cost disclosures for structured products, arguing they make "absolutely no sense to investors" and inflate the true cost of the investment.

Draft European regulatory technical standards (RTS) setting out the requirements for so-called key information documents (KIDs) for packaged retail and insurance-based investment products (Priips) were published on November 11.

The RTS introduces proposals for a summary cost indicator and summary risk

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