FCA to urge EU authorities to address PRIIPs failings

Scope, transaction costs calculations, "performance scenarios" and "summary risk indicators" (SRI) are part of a plethora of issues the FCA believes the European regulators and politicians must address in a review, which is expected to be completed by the end of 2019. FCA's Bailey promises action on PRIIPs and MiFID II failings However, in response to its consultations on the controversial regulation, published on Thursday (28 February), the FCA warned that the asset management industry itself must work harder to address concerns about transaction cost methodology. The regulator warne...