EU starts to stitch the patchwork together


The European Union has produced a horizontal directive on how all packaged retail investment products (Prips) are disclosed and sold, bringing them "into line with market reality", according to a communication from the European Commission to the European Parliament and the Council, dated April 30.

The EU will publish the first outline of the directive's form and measures required by the end of 2009 before passing it on for stakeholder consultation, and has initially indicated a preference for

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