New EC rules on Prips to be released in the form of a regulation

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The European Commission's (EC) new rules on packaged retail investment products (Prips) are to be published in the form of a regulation and will be directly applicable to European Union member states, according to a final draft of the legislation that has been obtained by Structured Products. The emphasis of the regulation appears to be on retail clients, with limited applicability to private banking, notes one London-based structured products banker.

The EC published its consultation document

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