IMA has responded to the Commission's consultation on PRIPs. It supports a harmonised approach across all forms of retail products but is worried that delivering the initiative through three different pieces of legislation will make this difficult. It urges the Commission to review all relevant Directives at once. It is also worried the definition of the products means that some products not designed for retail investors may be caught, which would oblige providers to produce KiiDs when they are not necessary or, worse, lead to distributors selling "professional" products to the retail market. (Source: Press Release and Packaged Retail Investment Products – Consultation Response)