Update: EC Prips Regulation due for publication on July 3; latest draft shifts burden further towards structured product creators

Y-Cam Bullet
EC takes a closer look at the responsibility of the creator

The near final text of the European Commission's (EC's) packaged retail investment products (Prips) regulation has added 'reverse burden of proof' to the previous draft and aimed responsibility for the creation of the key information document (Kid) squarely at investment banks, reflecting a harder line taken by the EC on the creation of investment products by investment banks for retail investors.

"I am not surprised," says Tim Hailes, chairman of the Joint Associations Committee (Jac) and

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