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By Raza NAEEM, Partner FRG, London and Piotr TEKLAK, Associate Investment Funds, Luxembourg, Linklaters
The history of the PRIIPs Regulation(1) has not been smooth – from delaying its entry into force through almost wholesale amendments to the Regulatory Technical Standards (or the “RTS”).(2) This piece, covering from the definition of a PRIIP to what the UK’s post-Brexit PRIIP replacement regime might look like, including amendments contemplated by the European Commission’s proposal of the Retail Investment Strategy, looks at what lies ahead, and where the pitfalls might lie.
The intended objective of the PRIIPs Regulation was to provide retail investors with a single, easy-to-read document facilitating the understanding the most important...
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