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Asset management is set to face a busy year of regulation, with the impact of recently passed legislation combining with that yet to come
The Association of Investment Companies (AIC) is continuing to put pressure on the regulator
‘Flawed review process’ not tackling ‘the heart of the issue’ The European Fund and Asset Management Association (Efama) is calling on the European Commission to give industry more time to implement the Packaged Retail and Insurance-based Investment Products (Priips) rules. This is because the Regulatory Technical Standard (RTS) in the key information documents (Kids) “falls short of conducting a proper Level 1 review”, the trade body said. It said that a review “is explicitly required by the Level 1 regulation and is overdue [by] more than one year”. Efama believes this to be...