Commission Proposes New Rules for Consumer Protection in Financial Services
The European Commission has proposed a number of new rules to increase consumer protection in financial services, including: &
- proposals for key information to be provided to consumers when considering investments;
- revisions to the Insurance Mediation Directive to improve transparency and establish a level playing field for insurance sales; and
- revisions to the UCITS directive to clarify the rules on depositaries, remuneration of UCITS managers and sanctions for core breaches of the UCITS legal framework.