A task force of CEBS, CESR and CEIOPS has published a report on Packaged Retail Investment Products (PRIPs). This report looks at:
- the scope of the PRIPs regime.
- the products disclosure requirements for PRIPs and
- the regulation of their selling practices.
The Report recommends that the EU Commission should take into account the future PRIPs regime when reviewing related directives such as MiFID, adding that some task force members believe any modification to the conduct of business regime for MiFID financial instruments which are PRIPs should also be introduced for non-PRIP MiFID financial instruments.