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EU retail-investor information agreed by insurance watchdogs after initial refusal

( February 4, 2021, 09:08 GMT | Official Statement) -- MLex Summary: Detailed EU rules on the information provided to retail funds and life insurance have now been approved by the board of the European Insurance and Occupational Pensions Authority. The Eiopa board had rejected the proposals last July. The change of heart concerning rules on packaged retail investment products, or PRIIPs, followed an accusation from the European Commission that Eiopa was not sincerely cooperating with it, alongside assurances to widely review the overarching legislation.EIOPA’s Board of Supervisors agrees on changes to the PRIIPs key information document...

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