PRIIPs Regulation: Difference between revisions
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==Other resource== | ==Other resource== | ||
*[https://www.treasurers.org/hub/blog/uk-debt-capital-market-reform-retail-inclusion UK Debt Capital Market Reform & Retail Inclusion – where are we now? - James Leather MCT - December 2024] | *[https://www.treasurers.org/hub/blog/uk-debt-capital-market-reform-retail-inclusion UK Debt Capital Market Reform & Retail Inclusion – where are we now? - James Leather MCT - December 2024] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 21:16, 24 December 2024
Retail investor protection - UK - Financial Conduct Authority - European Union.
Abbreviation for the Packaged Retail and Insurance-based Investment Products Regulation that has applied in the UK since 1 January 2018.
The aim of the PRIIPs Regulation is to help investors to better understand and compare the key features, risk, rewards and costs of different PRIIPs, through access to a Key Information Document (KID).
- FCA's power to replace retail investment disclosure framework
- "[The UK Consumer Composite Investments (Designated Activities) Regulations] came into force on 22 November 2024.
- These regulations grant the FCA the power to construct and deliver a new retail disclosure framework for Consumer Composite Investments (CCIs), to replace the UK’s EU inherited PRIIPs regime. "
- Association of Corporate Treasurers - James Leather MCT - 19 December 2024.
- FCA consultation on PRIIPs Regulation
- "For many corporate bond issuers, it is not clear whether they fall within the scope of the PRIIPs Regulation.
- Evidence collected by the FCA identified a particular problem in relation to debt securities which are not necessarily complex but include commonly used features such as issuer calls (make whole) and change of control puts.
- Arguably, these features trigger the PRIIPs regulations and therefore issuers either produce a KID or, more commonly, make the offering ineligible to retail investors.
- Neither of these solutions is particularly attractive and, as part of [its] consultation, the FCA are looking to clarify definitions."
- Association of Corporate Treasurers - September 2021 Membership newsletter.
See also
- Bond
- Change of control put
- Consumer Composite Investments (CCIs)
- Debt capital market (DCM)
- European Union
- Financial Conduct Authority (FCA)
- Framework
- Issuer call
- Key Information Document (KID)
- Make whole
- PRIIP
- Regime
- Regulation
- Retail
- Retail bond
- Retail inclusion
- UK Consumer Composite Investments (Designated Activities) Regulations 2024
