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A large number of fund firms are not ready to comply with coming EU rules on packaged retail investment and insurance-based products, according to a poll published by FE fundinfo, a fund data and technology firm, on 18 March 2021. Photo credit: MBM/Unsplash 

These figures were the result of a survey by the UK-based fund data providers FE fundinfo.

They follow the European Insurance and Occupational Pensions Authority’s final agreement to the outstanding Regulatory Technical Standards in February, but point to an ongoing lack of clarity in some areas.

A quarter of fund groups identified delays to signing the RTS as being their chief concern, while 23% said producing and gathering the necessary data will present challenges.

Additional barriers to meeting the deadline included the cost and time constraints the regulation will place on operations (13%), clarity over what products are included within the regulations (11%) and the dissemination of documents to third parties and fund distributors (8%).