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Sprucing up Europe’s disclosure rules

first_img European financial regulators launched a consultation today on proposed changes designed to enhance disclosure to retail investors.The European Supervisory Authorities (ESAs) — which includes the region’s securities, insurance and pension regulators — issued a consultation paper proposing amendments to the existing disclosure rules for packaged retail investments, such as investment funds and structured products, and insurance-based investment vehicles. James Langton Regulators propose slimming corporate disclosure Share this article and your comments with peers on social media CSA sets rules on non-GAAP financial reporting Don’t believe the hype: BCSC proposes new rules for stock promoters Facebook LinkedIn Twitter Currently, firms are required to provide investors with a standard three-page disclosure document setting out the key features of these products before investors make a purchase.The proposed reforms aim to address regulators’ concerns in several areas, including the disclosure of investment costs, the use of future performance scenarios and issues involving multi-option products.The consultation seeks feedback by Jan. 13, 2020. The regulators aim to have reforms implemented for 2022. Keywords DisclosureCompanies European Securities and Markets Authority EU flags waving in front of European Parliament building. Brussels, Belgium pgrecaud/123RF Related newslast_img read more