Packaged Retail Investment Products (Communication)

The Commission criticizes the fact that – depending on their legal form and distribution channel – similar  retail investment products are subject to different rules. It wants to introduce the concept of “standard investment products”, to which identical selling rules and requirements on key investor information apply.


The announced measures are well suited to remove the existing distortion of competition. Standardised „key investor disclosures“ make different investment products more easily comparable and thus strengthen competition. The Commission should not extend the “white list” of products to which uniform information duties and selling rules are to apply to products typically bought by institutional investors, for the latter do not need any special protection.