MP: Key Information Documents will no longer mislead investors
John Baron MP today welcomes the publication of HM Treasury’s consultation on ‘PRIIPs and UK Retail Disclosure’. John has been campaigning inside and outside Parliament for its abolition for a number of years – among other things, the PRIIPs régime embodies Key Information Documents which totally mislead investors in investment trusts as to the concept of risk. John most recently raised the issue in Parliament on Wednesday, and has previously met key stakeholders, including the FCA.
John said,
“The Government should be congratulated for throwing out this unnecessary EU-inspired regulation which generally misleads investors about the concept of risk. Key Information Documents in particular increase the chances of investors making poor investment decisions.”
“The FCA should now speedily replace these confusing disclosure requirements with a transparent framework which treats investment companies and open-ended funds fairly. The sooner this can be done, the sooner investors will benefit.”
Notes to Editors:
- The consultation is available online at: https://www.gov.uk/government/consultations/priips-and-uk-retail-disclosure.
