Commission proposes legislation to improve consumer protection in financial services

Consumer protection

In the aftermath of the biggest financial crisis in recent memory, the financial sector must place consumers at its heart. Retail products must be safer, information standards must become clearer, and those selling products must always be subject to the highest standards. The European Commission has adopted today a legislative package solely dedicated to consumers, which includes a proposal for a regulation on key information documents for packaged retail investment products (PRIPS), a revision of the Insurance Mediation Directive (IMD), and a proposal to boost protection for those who buy investment funds (UCITS).

 

Packaged retail investment products (PRIPS)

 

Insurance Mediation Directive (IMD) revision

 

Amendments to the UCITS directive

 

 

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