Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-04-15-Speech-2-434-000"

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"en.20140415.65.2-434-000"2
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"Our position is against. More ‘retail-friendly’ legislation designed to eliminate risk, without realising this also stifles innovation and adds cost without reward. The consumer is already adequately covered by existing legislation and by common law, so it would be better to focus energy on improving enforcement rather than fiddling with the rules to create unnecessary harmonisation for its own sake. This regulation creates a new Key Information Document (KID) to be produced by investment product manufacturers and provided to retail customers when they are considering buying investment products. The negotiations centred on the appropriate content and length of the KID, as well as to which products it would apply."@en1
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