“Judged against the perceived excesses in the use of fi nal terms, the rules proposed by ESMA would, put colloquially, throw the baby out with the bathwater.”
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“Judged against the perceived excesses in the use of fi nal terms, the rules proposed by ESMA would, put colloquially, throw the baby out with the bathwater.”

—Nikolaus Dominik Neundörfer, chair of the European Structured Investment Products Association’s legal committee, in response to proposed rules from the European Securities and Markets Authority for investment product prospectuses.

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