A letter seen by Practice Insight has shown that banks and trade associations are imploring the European Commission to clarify the scope of the new retail investor protection framework. Uncertainty within the Priips regime is pushing issuers to err on the side of caution and designate new deals to professional investors only
Product manufacturers and distributors at some of the world’s largest buyside firms have explained to Practice Insight how the new Priips regime is causing chaos. This includes everything from negative transaction costs and absurdly optimistic projections to standing in the way of their Mifid II obligations
Banks, stock exchanges, industry associations and even some MEPs are uniting against the proposal, which has the potential to disrupt capital markets for years. While the broader harmonisation project is generally supported, here they explain how the practical challenges could hinder the capital market union and damage Europe’s reputation as a securities listing hub
