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 assoc

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: