A new framework for assessing product complexity

A model of complexity

ball-puzzle

In October last year, the European Commission published legislative proposals to reform the Markets In Financial Instruments Directive (Mifid), including a proposed shift in the classification of structured Undertakings for Collective Investment in Transferable Securities (Ucits). While Mifid originally labelled all Ucits non-complex, its successor deems all structured Ucits complex. This article proposes a logical and consistent framework to refine the dichotomy and identifies a limited number

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: