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FCA Chief Vows To Dig Into Firms' Issues With PRIIPs, MiFID

Law360, London (June 13, 2018, 6:45 PM BST) -- The chief of the Financial Conduct Authority acknowledged Wednesday the difficulty many firms are facing in grappling with two new sets of sprawling European Union financial services rules, confirming to U.K. lawmakers that the regulator will launch a “call for evidence” next month that could lead to reforms.

During an evidence session before the House of Commons Treasury Committee, Andrew Bailey said that both the EU-wide rules for a wide category of products known as PRIIPs,  or packaged retail investment and insurance-based products, and the reformed...
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