Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-11-20-Speech-3-450-937"

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"en.20131120.55.3-450-937"2
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"It is very important that we maintain the highest possible standards of information disclosure and transparency for consumers so that they can make sound investment decisions; I have concerns about this report because I do not believe that it takes the right measures to guarantee such standards. This report, despite being passed in committee, failed to gain a mandate for trialogue. We and many EPP members voted against the text as a mandate as it extends the scope of a relatively straightforward regulation in an unhelpful way. This regulation is about improving information disclosure and transparency in the investment market for retail investors. Whilst in committee we managed to bring the scope back towards the Commission’s proposal, the sales annex, complexity label and product intervention articles remain. The scope also still includes corporate bonds, pension products (when the lack of a clear EU definition of a pension product means that it is not clear what this should cover or not) and does not include all the insurance-based investment products that we would like to see (whilst leaving all general insurance and simple life insurance out of scope)."@en1
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