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EU Disclosure Rules Are Misleading Investors, Lobbyists Say

Law360, London (September 13, 2018, 6:57 PM BST) -- The Association of Investment Companies has called for the suspension of "actively misleading" European rules that require fund managers to provide investors with details on how they expect their products to perform, urging U.K. politicians to launch an inquiry into the issue.  

The lobby group has slammed the controversial, 9-month-old rules that require firms to provide investors with fact sheets known as key information documents, or KIDs, under the packaged retail and insurance-based investment products rules, or PRIIPs, calling them "systematically flawed."

In a document published...
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