Publication

This commentary analyzes the European Commission’s proposal to improve the information that investors receive before purchasing a wide range of packaged retail investment products (PRIPs). According to the author, this so-called ‘PRIPs initiative’ represents a key step in enhancing the protection of retail investors and advancing the single market for financial services. However, pre-contractual disclosure is just one aspect of investor protection. The author warns that it looks as if the EU will place all the eggs of investor protection in the basket of pre-contractual disclosure which will not work.