Retail investment regulations
The Packaged Retail and Insurance-based Investment Products Regulation (PRIIPs) came into force on 1 January 2018.
It aims to increase the transparency and comparability of investment products through the issue of a standardised short-form disclosure document, the PRIIPs Key Information Document (KID).
The regulation is intended to make it easier for retail investors to understand and compare the key features, risk, rewards and costs of different products in scope of PRIIPs through the provision of the KID.
The KID is a free-of-charge pre-contractual, stand-alone document that is to be shared with the investor prior to the conclusion of any transaction.
The regulation applies to PRIIPs products and services purchased by an EEA Resident Retail Investor, regardless of their nationality.
The regulation is applicable worldwide, no matter where a PRIIP is purchased, as long as it is purchased by an EEA Resident Retail Investor.
Review to complete by year-end
It has been a busy year for the closed-ended sector having celebrated its 150th anniversary and seeing the largest number of IPOs in over a decade. Check out our gallery showcasing the biggest investment trust stories of 2018.
Had previously urged EU regulators to go ahead as planned
European Commission relents to pressure
Clash over regulation continues
Response to call for evidence
Retail funds to be in scope from 31 December 2019
Could lead investors to make 'disastrous decisions'
Behaviours, animals or something else?
Covers scope, disclosure requirements and transaction cost calculations
MiFID II and GDPR making headlines
‘Causing serious detriment’ to investors
'Take this very seriously'
As early as next month
To help consumers make better investment decisions
'Concerned' about the new regulation
Budgets for £30m Brexit spend
Fundscape blasts regulators' 'utter disregard for common sense' in instructions for calculating transaction costs
Zero transaction costs are a concern
Celebrating 150th anniversary
Annual survey from Winterflood
Senior IA adviser calls for 'heads to roll' at FCA as he labels PRIIPs 'worst piece of financial regulation ever'
Regulation has caused industry debate