PRIIP: Difference between revisions
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imported>Doug Williamson (Expand definition. Source - FCA - https://www.fca.org.uk/firms/priips-disclosure-key-information-documents) |
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''European Union (EU)'' | ''European Union (EU) - UK - Financial Conduct Authority (FCA)'' | ||
Packaged Retail and Insurance-based Investment Product. | Abbreviation for Packaged Retail and Insurance-based Investment Product. | ||
The FCA defines a PRIIP as an investment where, regardless of its legal form: | |||
Regulation (EU) No 2186/2014. | *The amount repayable to the retail investor is subject to fluctuations because of exposure to reference values or to the performance of one or more assets that are not directly purchased by the retail investor; or | ||
*An insurance-based investment product which offers a maturity or surrender value that is wholly or partially exposed, directly or indirectly, to market fluctuations. | |||
The originating EU regulation is Regulation (EU) No 2186/2014. | |||
Any PRIIP manufacturer (or any other person who changes an existing PRIIP, such as a distributor) is required to prepare a Key Information Document KID for each PRIIP that they produce, and publish each KID on their website. | |||
Any person who advises a retail investor on a PRIIP or sells a PRIIP to a retail investor must provide the retail investor with a KID in good time before any transaction is concluded. | |||
==See also== | ==See also== | ||
* [[Insurance]] | *[[European Union]] | ||
* [[Regulation]] | *[[Financial Conduct Authority]] (FCA) | ||
* [[Retail]] | *[[Insurance]] | ||
*[[Key Information Document]] (KID) | |||
*[[PRIIPs Regulation]] | |||
*[[Regulation]] | |||
*[[Retail]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Latest revision as of 23:01, 10 September 2021
European Union (EU) - UK - Financial Conduct Authority (FCA)
Abbreviation for Packaged Retail and Insurance-based Investment Product.
The FCA defines a PRIIP as an investment where, regardless of its legal form:
- The amount repayable to the retail investor is subject to fluctuations because of exposure to reference values or to the performance of one or more assets that are not directly purchased by the retail investor; or
- An insurance-based investment product which offers a maturity or surrender value that is wholly or partially exposed, directly or indirectly, to market fluctuations.
The originating EU regulation is Regulation (EU) No 2186/2014.
Any PRIIP manufacturer (or any other person who changes an existing PRIIP, such as a distributor) is required to prepare a Key Information Document KID for each PRIIP that they produce, and publish each KID on their website.
Any person who advises a retail investor on a PRIIP or sells a PRIIP to a retail investor must provide the retail investor with a KID in good time before any transaction is concluded.
