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.
Serious investor detriment
Hargreaves Lansdown scraps US-domiciled ETFs from platform following PRIIPs implementation; Temporarily removes some trusts
Regulation implemented on 1 January
Brexit, vertical integration and solutions-based products: IA survey reveals key talking points for asset managers
Staffing and passporting in post-Brexit world a key concern
Covering 43 European Union regulations
MiFID II due to be implemented in January 2018
Rules implemented in January 2018
Will accelerate when clarity emerges
Also criticises recent share class rulings
Original proposals would lead to over optimistic outcomes
A look at the European Commission's changes
Concerns about 'moderate' scenario
Interest rate policy, Brexit 'carnage' and Poisson d'Avril: Investment Week's most read articles of 2016
Web stories with the highest clicks
1 January 2018 implementation date
Implementation now 1 January 2018
Revised RTS due for H1 2017
Despite protests from industry
Next key debate postponed until 9 November
Previously 22 November
Tim Mortimer, managing director at Future Value Consultants, explains how the requirement for asset managers to display future performance simulations on their fund literature under PRIIPs regulations has created problems.
Allow time for clarifications
Providers could require more time