GDV statement on PRIIPS

GDV believes that the amendments proposed by the ESAs for the Base Information Sheet on financial investment products are going in the wrong direction. Rather than interim temporaries, a thorough overhaul at a later stage with more lead time is needed.

Implementing the proposed amendments would by no means improve consumer product information. This applies in particular to the introduction of past calculations in addition to the future scenarios.

The GDV sees remedial structures critically and demands a review with consumer tests, impact assessments and further consultations.

The Statement is published here.