Regulations bring welcome standardisation but 'high level of complexity' may defeat purpose

Majority believe ESMA should have greater powers

James Baxter-Derrington
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Investors argued ESMA hould be granted more powers to oversee the cross-distribution of investment products across the EU
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Investors argued ESMA hould be granted more powers to oversee the cross-distribution of investment products across the EU

Investors across the EU support the principle of standardising investor information but believe the myriad regulations and directives "fall short" of harmonisation, creating a high level of complexity that may defeat the intended purpose, according to a new study from the CFA Institute.

The report found that 69% of CFA charterholders who responded agree that the European Securities and Markets Authority (ESMA) should be granted more powers to oversee the cross-distribution of investment...

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